Momentum Public Relations
Press Release: December 21, 2018
Crystal Lake Mining Corp. has completed a second tranche of a non-brokered private placement of 381,000 flow-through common shares issued at a price of 35 cents per flow-through share, raising gross proceeds of $133,350. The first tranche closed on Dec. 20, 2018, raising gross proceeds of $500,000.20 through the issuance of 1,428,572 flow-through shares. The total gross proceeds raised in both tranches are $633,350.20.
The company paid finders’ fees of 7 per cent cash and 7 per cent finders’ warrants to Raymond James Ltd. All securities issued are subject to a four-month hold period from the closing date.
The company confirms that it is proceeding with its unit financing. Each unit consists of one common share at 30 cents per share and one-half of one common share purchase warrant, with each full warrant exercisable at 45 cents for a period of one year.
The non-flow-through and flow-through private placements are subject to the approval of the TSX Venture Exchange.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through the discovery of new magmatic nickel sulphide deposits and other deposit types using technical excellence in exploration target development.
We seek Safe Harbor.