Crest Resources (TSE:CRES) has released an update.
Crest Resources Inc. successfully completed the second tranche of its non-brokered private placement, raising an additional $145,000 by issuing 2.9 million common shares. The total funds gathered from this offering have reached $565,000, which will be utilized as general working capital. The company also disclosed participation by insiders, amounting to $40,000, which complies with the regulatory exemptions for related party transactions.
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