Chart usGOLD   Chart usSILVER  
 
Food for thought
The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.
John Kenneth Galbraith  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1216.000.90
Silver 17.81-0.01
Platinum 1333.251.50
Palladium 810.002.25
WORLD MARKETS
DOWJONES 1728013
NASDAQ 4580-14
NIKKEI 16321254
ASX 543718
CAC 40 4461-3
DAX 97991
HUI 208-4
XAU 87-2
CURRENCIES (€)
AUS $ 1.4362
CAN $ 1.4063
US $ 1.2829
GBP (£) 0.7874
Sw Fr 1.2068
YEN 139.9000
CURRENCIES ($)
AUS $ 1.1206
CAN $ 1.0963
Euro 0.7795
GBP (£) 0.6141
Sw Fr 0.9408
YEN 109.0100
RATIOS & INDEXES
Gold / Silver68.28
Gold / Oil13.15
Dowjones / Gold14.21
COMMODITIES
Copper 3.090.00
WTI Oil 92.45-0.62
Nat. Gas 3.84-0.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Creso Exploration Announces Non-Brokered Private Placement
Published : December 18, 2012
( 0 vote, 0/5 ) Print article
     
Tweet
Keywords :   Creso Exploration | Reliance |

MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2012) - Creso Exploration Inc. ("Creso" or the "Corporation") (News - Market indicators)(FRANKFURT:C3X) announces that its Board of directors has approved a non-brokered private placement of 4,000,000 "flow-through" units (each, a "FT Unit") and 9,000,000 units (each, a "Unit"), both FT Unit and Unit to be issued at a price of $0.05 for aggregate gross proceeds of $650,000 (the "Private Placement"). Each FT Unit shall be comprised of one common share of the Corporation issued on a flow-through basis and one-half of a common share purchase warrant of the Corporation (each whole common share purchase warrant, a "Warrant"). Each Unit shall be comprised of one common share of the Corporation (a "Unit Share") and one Warrant. Each Warrant will entitle its holder to subscribe for one additional common share at an exercise price of $0.10 per share during a 24-month period following closing of the Private Placement. The net proceeds of the proposed Private Placement will be used to finance the exploration program of the Corporation and its working capital. All securities issued pursuant to the Private Placement will have a four-month hold period. Insiders of the Corporation are expected to participate in the Private Placement.

About Creso

The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland Lake mining camps.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward- looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: results of exploration activities, general market and industry conditions, and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results and available financing, the Corporation may at any point modify its work program.

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 release.

Pierre R. Gauthier
Chairman and President
(514) 866-6001 # 237
(514) 866-6193 (FAX)
info@creso.ca
www.creso.ca
or
Douglas Murray
Investor Relations
(613) 220-0569 / (613) 882-7295
dmurray@creso.ca
Tweet

Creso Exploration Inc.

EXPLORATION STAGE
CODE : CXT.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Creso Exploration Inc.
3/1/2013Closes $277,000 Non-Brokered Private Placement Financing
1/8/2013Final Closing of Non-Brokered Private Placement
12/28/2012Announces Closing of a Non-Brokered Private Placement
12/18/2012Announces Non-Brokered Private Placement
9/21/2012Announces Extension of Warrants
9/18/2012Announces Final Closing of Private Placement
Option Grants of Creso Exploration Inc.
8/8/2013Enters Into an Investor Relations Agreement With Octobaan IR...
Project news of Creso Exploration Inc.
12/3/2012(Duggan)Starts Drilling at Minto and Duggan
6/8/2011(Duggan)Announces Drill Results From the Duggan Zone at Shining Tree
4/21/2011(Tyranite)Drills 10.6 g/t Au Over 4 Meters and Extends Historic Gold Z...
2/18/2011(Tyranite)Begins Drilling the Tyranite Mine Zone at the Shining Tree P...
Corporate news of Creso Exploration Inc.
7/15/2013Partners with Nichromet in a 24 M$ Environmentally Friendly ...
3/13/2013Announces 1.50 g/t Gold Over 80.9 Metres, Including 2.82 g/t...
2/14/2013(Duggan)Intersects 2.20 g/t Gold Over 34.50 m on the Duggan Gold Dep...
1/24/2013Announces Drilling Results on the Minto Property
11/2/2012Closes $200,000 Private Placement Financing and Resignation ...
10/17/2012to Explore Rich Silver Targets
7/5/2011to Explore Rich Silver Targets
6/28/2011Expands Exploration on the Downey-Gibson Property at the Wes...
6/16/2011Hunter Dickinson Terminates Shining Tree Letter Agreement wi...
5/27/2011Reports up to 266 g/t Au From Surface Sampling Program at th...
5/19/2011Begins Drilling on the Matona, Porphyry Lake, Hare Lake, and...
5/11/2011Drills 5.04 g/t Au Over 24 Meters in Minto Zone at Shining T...
4/29/2011Options Up to Approximately 70% Interest in Part of the Shin...
3/15/2011Platinex Inc. and Creso Exploration Inc.: Gold Corona Joint ...
3/15/2011Platinex Inc. and Creso Explorations Inc.: Gold Corona Joint...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CXT.V)
0.115+0.00%
TSX-V
CA$ 0.115
09/19 15:56 -
0%
Prev close Open
0.115 -
Low High
0.115 0.115
Year l/h YTD var.
0.115 -  0.120 -4.17%
52 week l/h 52 week var.
0.040 -  0.130 187.50%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2014-4.17%0.120.12
201371.43%0.130.02
2012-41.67%0.120.03
2011-81.54%0.700.09
 
5 years chart
 
3 months chart
 
3 months volume chart