Momentum Public Relations
Press Release: November 27, 2017
Crystal Lake Mining Corp. (CLM:tsxv) has received subscriptions for two million units totalling $400,000 pursuant to the non-brokered, non-flow-through private placement announced on Nov. 6, 2017. Each unit consists of one common share issued at 20 cents per share, and one common share purchase warrant. One warrant may be exercised by the holder to purchase one additional common share at a price of 25 cents for 18 months from closing.
In addition, the company has received subscriptions for two million flow-through units totalling $500,000 pursuant to the flow-through private placement announced on Oct. 26, 2017. Each flow-through unit consists of one flow-through common share issued at 25 cents per share, and one-half of one non-flow-through common share purchase warrant. One warrant may be exercised by the holder to purchase an additional non-flow-through common share at a price of 30 cents for 18 months from closing.
The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital.
Both the flow-through and non-flow-through private placements were oversubscribed.
Finders’ fees are payable to qualified recipients at the rates allowable by the TSX Venture Exchange. All securities issued are subject to a four-month hold period and closing remains subject to TSX-V approval.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
We seek Safe Harbor.