CRYSTAL EXPLORATION INC. (the “Company” and “Crystal”) (TSX-V: “CEI”) is pleased to announce closing of the financing previously announced on December 14, 2015. The Company issued 2.08 million flow-through common shares at a price of $0.12 per share for gross proceeds of $249,800.
The proceeds from the flow-through common shares will be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2015. Expenditures will be used to advance the Muskox, Contwoyto and Hood River diamond projects located in Nunavut, Canada.
All securities issued will be subject to a four-month hold period and finder’s fees payable in accordance with the policies of the TSXV.
About Crystal Exploration Inc.
Crystal is a Canadian diamond exploration company with Common shares listed for trading on the TSX Venture Exchange. Crystal is backed by proven and seasoned resource sector professionals who have a track record of advancing exploration projects from grassroots through to production scenarios.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Jim Greig”
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.