Funds for exploration programs at copper-gold project and gold claims
By Melissa Kory
Cleveland, March 24 - Cresval Capital Corp. said that it is arranging a non-brokered private placement unit offering for up to C$1 million.
Each unit will consist of one common share at a purchase price of C$0.20 per share, a 5.26% premium to the March 23 closing price of C$0.19, and one non-transferable warrant exercisable for two years at C$0.30 per share, a 57.89% premium to the March 23 closing price.
Proceeds from the offering will be used to fund continued exploration programs at the Bridge River copper-gold project and the Raven gold claims and for working capital.
Cresval is a junior copper and precious metals exploration company based in Vancouver, B.C.
| Issuer: | Cresval Capital Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | Up to C$1 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Stock symbol: | TSX Venture: CRV
|
| Stock price: | C$0.19 at close March 23
|
| Market capitalization: | C$3,081,000
|
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