Vancouver, B.C. - TheNewswire - June 30, 2021 - Crest Resources Inc. (CNSX:CRES.CN) (OTC:CRSTF) (the “Company”) announces that it has arranged for the sale of 7,000,000 shares in Exploits Discovery Corp (CSE:NFLD) held by Crest - 6,783,700 to entities associated with Eric Sprott, and 216,300 to the market.
The sale of the shares to Mr. Sprott were carried out privately, at current market prices.
Mr. Sprott, through 2176423 Ontario Ltd. has previously acquired a substantial equity position in Exploits. Acquiring additional shares from Crest will cement Mr. Sprott as a significant shareholder of Exploits going forward.
The sale by Crest is for strategic investment purposes, enabling Crest to enhance its investment portfolio and move current early stage green economy projects to the forefront. Crest will continue to hold approximately 5.9 million shares of Exploits, as Crest believes in the opportunity with Exploits, its management team and the Exploits Subzone in Newfoundland.
Crest Resources Announces Block Trade of Exploits Discovery to Eric Sprott - Junior Mining Network