Crystal Lake Mining arranges $400,000 financing

Oct 3, 2017

2017-10-03 09:37 ET – News Release

Mr. Alphonse Ruggiero reports

CRYSTAL LAKE MINING ARRANGES FINANCING

Crystal Lake Mining Corp. has arranged a non-brokered private placement of up to $400,000 by the issuance of two million units at a price of 20 cents per unit.

Each unit will consist of one common share and one warrant. Each warrant will entitle the subscriber to purchase an additional common share at a price of 25 cents for 18 months. All securities will be subject to a statutory hold period of four months from closing.

The proceeds will be used to advance the company’s work program in Emo, Ont., as well as general working capital. A finder’s fee is payable to qualified recipients as permitted by the TSX Venture Exchange.

The private placement remains subject to regulatory approval.

The company has also announces that pursuant to the company’s stock option plan, it has granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of four million common shares at an exercise price of 30 cents per share for up to two years.

About the company

Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.

We seek Safe Harbor.

http://crystallakeminingcorp.com/news.html