Crest Petroleum Corp. Announces Intention to Conduct a Non-Brokered Private Placement
01 Oktober 2013 - 10:03AM
Access Wire
Vancouver, BC October 1st 2013 - Crest Petroleum Corp.
(CTP.P - TSX Venture). Crest Petroleum Corp. ("Crest" or
the "Company") is pleased to announce that it will conduct a
non-brokered private placement (the "Offering") of up to 5,000,000
common shares of Crest at a price of $0.05 per share for aggregate
gross proceeds of up to $250,000. The Company anticipates
that some current insiders of Crest will participate in the
Offering.
Proceeds of this Offering will be used for advancing the
identification of a qualifying transaction and to give the company
a larger cash reserve to increase its flexibility in considering
various qualifying transaction opportunities.
Shares acquired by the placees will be subject to a hold period
of four months plus one day from the date of completion of the
financing, in accordance with applicable securities
legislation.
About Crest Petroleum Corp.:
Crest Petroleum Corp. (CTP.P – TSX Venture) is a Capital Pool
Company ("CPC") within the meaning of the TSX Venture Exchange (the
"Exchange"). The Company based in Vancouver, BC is currently
focused on identifying and evaluating businesses and assets with a
view to completing a “Qualifying Transaction” under the Exchange’s
CPC policies and currently has no assets other than cash.
On behalf of the Board of Directors,
Toby Pierce
Director
Email: toby@crestpetroleum.com or Telephone: +44 751 713
1747.
For further information about Crest Petroleum Corp. or this news
release, please visit our website at http://www.crestpetroleum.com/
or review the Company’s documentation filed on SEDAR at
http://www.sedar.com/
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED
HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND
WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR
TO U.S. NEWS AGENCIES
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