Momentum Public Relations Press Release: January 17, 2018
Crystal Lake Mining Corporation (the "Company") is pleased to announce that it has closed the $500,000 f --->low-through private placement announced on October 26, 2017 and referenced in a press release on November 27, 2017 and t --->he $400,000 non-flow-through private placement announced on October 25, 2017, and referenced in press releases dated Nov --->ember 6, 2017 and November 27, 2017. The Company has issued 2,000,000 flow-through units ("FT Units") for gross proceeds of $500,000. Each FT Unit consists o --->f one common issued at $0.25 per share and one-half common share purchase warrant (each whole share purchase warrant bei --->ng a "Warrant"). Each Warrant may be exercised by the holder to purchase an additional common share at a price of $0.30 --->For 18 months from closing. The Company has also issued 2,000,000 non-flow-through units ("NFT Units") for gross proceeds of $400,000. Each NFT Unit ---> consists of one common share issued at $0.20 per share and one common share purchase warrant (a "Warrant"). Each Warran --->t may be exercised by the holder to purchase an additional common share at a price of $0.25 For 18 months from closing. The proceeds from the private placements will be used to advance exploration activities at the Company's Canadian proper --->ties and for general working capital. Finder's fees of $4,200 and 21,000 Warrants were paid in connection with the NFT Unit issuances and $14,752.50 and 59,01 --->0 Warrants were paid in connection with the FT Unit issuances. The NFT Units have a four-month hold period expiring on April 4, 2018 and the FT Units have a four-month hold period exp --->iring on April 12, 2018. About the Company Crystal Lake Mining Corporation is a mineral exploration/Development company focused on creating value through the explo --->ration and development of its British Columbia and Ontario mineral properties. On behalf of The Board of Directors of Crystal Lake Mining Corporation. Alphonse Ruggiero, Director/CFO This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncerta --->inties not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achieveme --->nts of Crystal Lake Mining Corporation on to be materially different from the results, performance or expectation implie --->d by these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ve --->nture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by ma --->nagement.