Crystal Lake Announces Close of Debt SettlementFebruary 19, 2018
Vancouver, BC – Crystal Lake Mining Corporation (the “Company”) is pleased to advise that is has closed the debt settlement previously announced on January 15, 2018 and has issued 112,727 units (“Units”) to a creditor, at a deemed value of $0.55 per Unit, to settle debts aggregating CDN$62,000. Each Unit is comprised of one common share (a “Share”) and one common purchase warrant (a “Warrant”). Each Warrant shall entitle the holder to acquire one additional Share for a period of two years at a price of $0.68 per Share.
All securities issued have a hold period expiring June 16, 2018.
About the Company
Crystal Lake Mining Corporation is a mineral exploration/development company with a focus on creating value through the exploration and development of our Ontario mineral properties.
On behalf of The Board of Directors of Crystal Lake Mining Corporation.
Richard Savage, President & CEO
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.