Crest Resources Inc. announced that it has completed a non-brokered private placement of 28,580,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 714,500 on January 20, 2023. Each unit consists of one common share and one common share warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.05 per share at any time within 5 years expiring January 19, 2028.

All securities to be issued in the transaction will be subject to a 4 month hold period expiring May 20, 2023. The transaction included participation from Emma Fairhurst for 7,500,000 units.