Vancouver, BC – Crystal Lake Mining Corporation (the “Company”) is pleased to announce that it has received all subscription agreements and funds to complete the non-brokered private placement of 1,400,000 units (totaling $700,000) previously announced on December 20, 2017 and December 27, 2017. Each Unit consists of one common share issued at $0.50 per share and one common share purchase warrant (a “Warrant”). Each Warrant may be exercised by the holder to purchase an additional common share at a price of $0.52 for 24-months from 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.
Finder’s fees will be payable to qualified recipients.
All securities issued are subject to a four-month hold period. This private placement remains subject to TSX-V approval.
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.