Momentum Public Relations
Press Release: December 19, 2018
Crystal Lake Mining Corp., further to its news release dated Dec. 18, 2018, has added a $100,000 hard-dollar (non-flow-through) portion to its financing that is expected to fully close by Monday, Dec. 24, 2018, in the aggregate amount of $800,000.
Each Crystal Lake non-flow-through unit is priced at 30 cents and includes a half warrant exercisable at 45 cents for a period of one year. The securities will be subject to a four-month hold period from the closing date. Finders’ fees may be payable to qualified parties.
The company will also be closing $700,000 in flow-through shares on terms announced yesterday (the first tranche of $500,000 has already closed) for a total financing of $800,000.
The non-flow-through and flow-through private placements are subject to the approval of the TSX Venture Exchange.
Stock options granted
Pursuant to the company’s stock option plan, Crystal Lake has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 755,745 common shares at an exercise price of 30 cents per share for up to two years.
About Crystal Lake Mining Corp.
Crystal Lake 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.