Crestview Exploration Inc. announced a non-brokered private placement of units at an issue price of CAD 0.15 per unit on November 3, 2022. Each unit consist of one common share and one share purchase warrant. Each warrant is exercisable into one common share of the Company at a price of CAD 0.30 for a term of two-years from the date of issuance. The securities issued under the Offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws.

On the same day, the company has issued 635,000 units for proceed of CAD 95,250 in its first tranche closing. The Company will pay CAD 4,500 in cash and issue 30,000 warrants as compensation to qualified finders as part of this tranche.