Creso Exploration Inc CRXEF

The last financing was at 0.90..Oct/8/10

[leaf67]

I was buying all late afternoon......lots of dry powder to buy more tomorrow.......it likes buying something at a garage sale where the seller isn't aware of its upside potential value...if future results turn out to be stellar this will break over a buck easy....these prices are unbelievable.....i just can't stop smiling tonight.

Here's the financing from Oct/8/2010 at 0.90...just over a month ago....and today we are buying in the mid 0.50,s...WOW!!!!!!!

Do your own dd before buying any stock.

leaf67


MONTREAL, CANADA, Oct 08, 2010 (MARKETWIRE via COMTEX News Network) --

Creso Exploration Inc. (TSX VENTURE: CXT) (FRANKFURT: C3X) ("Creso" or the "Company") announces the closing today of a non-brokered private placement (the "Private Placement") of 3,822,222 units of securities (each a "Unit") of the Company at
.90 per Unit for gross proceeds of $3,440,000. Each Unit is comprised of one common share of Creso (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $1.25 to acquire one Common Share for a period of 2 years from the date of the issuance. The Company shall have the right to require the exercise of the Warrants in the event that the closing price of the Common Share on the TSX-V or on such other Canadian stock exchange is at least $2.00 during a period of 20 consecutive days. The securities issued are subject to a hold period of four months ending February 9, 2011. Finders' fees of 8% of gross proceeds were paid in cash.

The net proceeds of the Private Placement will be used to finance the exploration work on the Shining Tree properties and for working capital purposes.

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 mining camps, and additional interests are held in base metal properties in Guatemala.

Neither the 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.

Contacts: Creso Exploration Inc. Robert Casaceli President and CEO 514-866-6001 # 239 514-866-6193 (FAX) [e-mail] www.creso.ca Creso Exploration Inc. Douglas Murray Investor Relations 613-882-7295 613-882-7467 (FAX) [e-mail] www.creso.ca

SOURCE: Creso Exploration Inc.

mailto:[e-mail] https://www.creso.ca mailto:[e-mail] https://www.creso.ca

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