Vancouver, BC – Crystal Lake Mining Corporation (the “Company”) is pleased to announce that the company has arranged an additional a Non-brokered 2,000,000 unit (“Unit”) Non-Flow-Through financing for proceeds totaling $400,000. Each Non Flow-Through Unit priced at $0.20 cents per Unit is comprised of one common share and one full common share purchase warrant which may be exercised at a price of $0.25 per share for a period of 18 months following closing. The proceeds of this private placement will be used to advance exploration activities at the Company’s Emo, Ontario properties and for general working capital.
A work program on the company’s Emo Property holdings will commence shortly. (See press release dated October 18, 217).
Finder’s fees will be payable to qualified recipients at allowable rates.
All securities issued are subject to a four-month hold period and subject to TSX approvals.
The Company is unaware of any material changes.
About the Company
Crystal Lake Mining Corporation is a mineral exploration/Development company focused on creating value through the exploration 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 uncertainties not under the control of Crystal Lake Mining Corporation which may cause actual results, performance or achievements of Crystal Lake Mining Corporation on to be materially different from the results, performance or expectation implied 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.