Calgary, Canada - TheNewswire - September 9, 2019 - Crestview Exploration Inc. (CNSX:CRS.CN) ("Crestview" or the "Company") announces that following receipt on the final non-offering prospectus granted by British Columbia Securities Commission on August 23, 2019; the Company's common shares will commence trading today on the Canadian Securities Exchange (the "CSE") under the ticker symbol "CRS". The Company has 9,466,376 issued and outstanding common shares, including 1,930,000 shares held in escrow. A copy of the prospectus is available under the Company's profile on SEDAR (www.sedar.com).
"We are excited that our Company is now listed on a recognized stock exchange, this is an important step towards increasing the Company's exposure to the market. With our strong exploration team, we expect to deliver value over the coming years" said Glen Watson, CEO of Crestview.
The Corporation is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Its objective is to identify and develop economic precious and base metal properties of merit and to conduct exploration programs thereon. The company is currently targeting to develop the Rock Creek Project, which is located in the Tuscarora Mountains of north-central Nevada, in Elko County.
The Rock Creek Project is a volcanic and sediment-hosted, epithermal precious metal property, which is adjacent to mines with historical production, situated in the Tuscarora Mountains of northern Elko County, Nevada. Together the property comprises 72 unpatented lode mining claims, owned by Crestview Exploration Inc. The Claims were staked by Kingsmere on October 2, 2016 and have been maintained in good standing continuously since. The Technical Report can be viewed in its entirely on www.sedar.com.
As per the terms of the Acquisition Agreement with Kingsmere, upon listing of Crestview on the CSE, the Company will issue a total of three million (3,000,000) common shares at a deemed price of $0.05. The shares will be restricted for resale for a period of twenty-four (24) months and hold within escrow with the Company's transfer agent.
For further information please contact:
Glen Watson, Chief Executive Officer
This news release includes certain information that may be deemed "forward-looking information" under applicable securities laws. All statements in this release, other than statements of historical facts, that address acquisition of the Property and future work thereon, mineral resource and reserve potential, exploration activities and events or developments that the Company expects is forward-looking information. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include the results of the Company's due diligence investigations, market prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking information. For more information on the Company, investors are encouraged to review the Company's public filings at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.