(TheNewswire)
Vancouver, B.C. - TheNewswire - June 30, 2021 -Crest Resources Inc. (C NSX :CRES. CN ) (OTC:CRSTF) (the“Company”) announces that it has arranged for the sale of7,000,000 shares in Exploits Discovery Corp (CSE:NFLD) held by Crest -6,783,700 to entities associated with Eric Sprott, and 216,300 to themarket.
The sale of the shares to Mr. Sprott were carried out privately, atcurrent market prices.
Mr. Sprott, through 2176423 Ontario Ltd. has previously acquired asubstantial equity position in Exploits. Acquiring additional sharesfrom Crest will cement Mr. Sprott as a significant shareholder ofExploits going forward.
The sale by Crest is for strategic investment purposes, enabling Crestto enhance its investment portfolio and move current early stage greeneconomy projects to the forefront. Crest will continue to holdapproximately 5.9 million shares of Exploits, as Crest believes in theopportunity with Exploits, its management team and the ExploitsSubzone in Newfoundland.
About Crest Resources Inc.
The Company’s principal business activity is thecreation, development and investment in mineral exploration companiesand related mining technologies of merit; and the acquisition,exploration, and evaluation of mineral property assets in Canada,Australia and Peru. The Company’s assets include various land andcorporate ownership positions within the Exploits Subzone, the newestemerging district-scale gold exploration and mining district in theprovince of Newfoundland and Labrador; mineral recovery systems with3RC/Ecomine/Gemina Labs; copper and gold exploration in the Toodoggonewith Volatus Capital, and v anadium in QueenslandAustralia with AusVan Battery Metals.
FOR FURTHER INFORMATIONCONTACT:
Michael Collins
President and CEO
Crest Resources Inc.
Telephone: 778 - 819 - 2709
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
Copyright (c) 2021 TheNewswire - All rights reserved.