Crystal Lake Mining arranges $500,000 placement

Oct 26, 2017

2017-10-26 06:48 ET – News Release

Mr. Alphonse Ruggiero reports

FLOW-THROUGH FINANCING ARRANGED

Crystal Lake Mining Corp. has arranged a two-million-unit flow-through financing with proceeds totalling $500,000. Each flow-through unit is priced at 25 cents cents per unit and comprises one common share and one-half of one common share purchase warrant, with each common share qualifying as a flow-through share as contemplated by the Income Tax Act. Each whole warrant is exercisable to acquire one non-flow-through common share of the company at a price of 30 cents per share for a period of 18 months following the closing date. Finders’ fees are payable to qualified parties.

The proceeds of this private placement will be used to advance exploration activities on the company’s Emo, Ont., properties.

All securities issued are subject to a four-month hold period and subject to Toronto Stock Exchange approvals.

About Crystal Lake Mining Corp.

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