(TheNewswire)
Vancouver, B.C. - TheNewswire - June 2, 2021 -Crest Resources Inc. (C NSX :CRES. CN ) (“Crest” or the “Company”) announces thatit has issued to certain directors, officers, employeesand consultants (the “Recipients”) an aggregate of 14,538,689common shares in the capital stock of the Company as bonuses inrelation to the increase in value and significant performance of theCompany’s investments. The common shares issued are subject to afour month hold period expiring October 2, 2021.
The Company has also transferred an aggregate of2,473,024 common shares in the capital stock of Exploits DiscoveryCorp., 2,000,000 common shares in the capital stock of OpawicaExplorations Inc. and 2,000,000 common shares of Origen ResourcesInc., all held by the Company, to the Recipients as bonuses. This isinstead of the previous RSU plan that was approved by the shareholdersat its Annual General Meeting held on December 3, 2020, and is inrelation to the increase in value of the Company’s investments overthe last fiscal year.
The significant shareholders in Crest are committed tohold their positions long into the future and continue working tobuild enduring value.
About Crest Resources Inc.
Crest Resources Inc. is a British Columbia companylisted on the Canadian Securities Exchange under the symbol CRES. TheCompany’s principal business activity is the acquisition,exploration and evaluation of mineral property assets in Canada,Australia and Peru and the investment in mineral exploration companiesand related mining technologies of merit. The Company’s Canadianassets include various land and corporate ownership positions withinthe Exploits Subzone, the newest emerging district-scale goldexploration and mining district in the province of Newfoundland andLabrador, mineral recovery systems with 3RC/Ecomine/Gemina Labs,copper and gold exploration in the Toodoggone with Volatus Capital and v anadium in Queensland Australia.
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.
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