Crest Resources (TSE:CRES) has released an update.
Crest Resources Inc. is set to enhance its financial flexibility by initiating a non-brokered private placement aimed at raising $500,000 through the sale of 10 million shares at $0.05 each. The funds from this placement are intended for the company’s general working capital. The offering, which is pending Canadian Securities Exchange approval, will adhere to a four-month hold period for the issued shares as per securities regulations.
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