Western Exploration Inc V.WEX

Alternate Symbol(s): WEXPF

Metals & Mining Industrial Metals & Minerals

Western Exploration Inc. is focused on gold and silver discoveries in Northern Nevada. The Company is engaged in the business of exploration, acquisition, development, and mining of precious metals and other mineral deposits in the State of Nevada. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and including three gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The Aura project consists of 709 unpatented lode mining claims, totaling 12,848 acres, and mineral leases on 2,296 acres of fee land in nine different parcels. Doby George is a near-surface oxide deposit. The deposit is located approximately 130 kilometers north of Elko, a top mining jurisdiction in the world. Gravel Creek is a high-grade underground sulphide deposit. Wood Gulch is a past-producing, near-surface, oxide deposit.

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Western Exploration Inc

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Post by typhoonon May 18, 2016 8:14am

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Post# 24883987

EMR

Toronto, May 18, 2016 - Crystal Peak Minerals Inc. ("Crystal Peak") (TSXV: CPM, OTCQX: CPMMF) is pleased to announce that, further to its press release dated May 2, 2016, it has entered into an agreement (the "Subscription Agreement") with EMR Capital Resources Fund 1, LP ("EMR") pursuant to which Crystal Peak will issue to EMR 12,620,331 common shares at a price of C$0.4243 per common share for gross proceeds of approximately C$5.35 million (the "Offering").Assuming the Offering is completed, EMR will increase its holdings in the Company from approximately 37.6 million shares to approximately 84.8 million shares, representing a change from approximately 25.2% to approximately 43.2% of Crystal Peak's issued and outstanding Common Shares.