VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) -- Cresval Capital Corp. (“Cresval” or “the Company”) (CRV:
TSX-V) announces that the Company intends to raise up to $500,000 by way of a non-brokered private placement (the
“Offering”) of units (“Units”) of the Company at a price of $0.025 per Unit. Subject to
certain limitations discussed below, the Offering is open to all existing shareholders of the Company. The Offering is
subject to TSX Venture Exchange (“TSXV”) final acceptance.
Any existing shareholders interested in participating in the Offering should contact the Company pursuant to the
contact information set forth below.
The Offering
The maximum Offering is 20,000,000 Units for gross proceeds of $500,000. The Offering is not subject to
any minimum aggregate subscription. Each Unit will consist of one common share in the capital of Cresval (the “Common
Shares”) and one Common Share purchase warrant (the “Warrants”). Each Warrant will be exercisable
into one Common Share for a period of five years at a price of $0.05/share.
A finder's fee of cash, Common Shares or Warrants, or a combination thereof, may be paid to eligible finders
with respect to any portion of the Offering that is not subscribed for by existing shareholders.
The proceeds of the Offering will be used to conduct property maintenance on the Company’s MIKE and New Raven
properties, to repay outstanding debt and for working capital and general corporate purposes. Assuming the entire $500,000
Offering is completed, the use of proceeds will be as follows: MIKE Property geological and IP geophysics program ($300,000); New
Raven Property geological and prospecting program ($50,000); Accounts Payable ($50,000); legal/accounting/audit costs ($12,500);
transfer agent fees/regulatory listing and filing fees ($9,500); AGM costs ($4,000) website/corporate communications ($3,500);
rent/office expenses and general supplies ($10,500); management fees ($50,000) and unallocated/general corporate purposes
($10,000). Although the Company intends to use the proceeds of the Offering as described above, the actual allocation of net
proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities. If the
Offering is not fully subscribed, the Company will apply the proceeds of the Offering to the above uses in priority and in such
proportions as management of the Company determines is in the best interests of the Company.
The securities issued in connection with the Offering will be subject to a hold period expiring four months and one day from the
date of issuance of such securities.
Existing Shareholder Exemption
Depending on demand and regulatory requirements, a portion of the Offering may be made in accordance with the
provisions of the existing shareholder exemption (the “Existing Shareholder Exemption”) contained in Multilateral
CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the Existing Shareholder
Exemption is not available in Ontario or Newfoundland and Labrador). In addition to conducting the Offering pursuant to the
Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions, including
sales to accredited and eligible investors, family and close personal friends and business associates of directors and officers of
the Company.
The Company has set March 29, 2019 as the record date for the purpose of determining existing shareholders
entitled to purchase Units pursuant to the Existing Shareholder Exemption. Subscribers purchasing Units under the Existing
Shareholder Exemption will need to represent in writing that they meet certain requirements of the Existing Shareholder Exemption,
including that they were, on or before the record date, a shareholder of the Company (and still are a shareholder). The aggregate
acquisition cost to a subscriber under the Existing Shareholder Exemption cannot exceed $15,000 unless that subscriber has obtained
advice from a registered investment dealer regarding the suitability of the investment. There is no minimum subscription amount. If
subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $500,000, Units
will be allocated pro rata amongst all subscribers qualifying under all available exemptions.
About Cresval
Cresval Capital Corp. is a junior precious metals and copper exploration company actively involved in three 100% owned projects
situated near the productive Bralorne Gold camp in southwestern British Columbia.
For more information please visit www.cresval.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Lee Ann Wolfin
President and Chief Executive Officer
Telephone: (604) 913-7788
Email: lawolfin@cresval.com
Forward looking statements: 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. This release contains statements that are forward‐looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic
filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date
hereof based on information currently available. The Company does not assume the obligation to update any forward‐looking
statement.
