Crest Resources (TSE:CRES) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Crest Resources Inc. has announced a strategic share acquisition, purchasing 8 million shares of Rain City Resources Inc. at $0.09 each, amounting to $720,000. This deal involves a share exchange with 1459988 BC Ltd., a control person of both companies, and is pending approval by the CSE. Notably, the transaction, which includes issuing 14.4 million Crest shares to 1459988 BC Ltd., is a related party transaction with exemptions from certain minority shareholder protections.
For further insights into TSE:CRES stock, check out TipRanks’ Stock Analysis page.