Official Website: http://www.crescentresourcescorp.com/
Company Profile
Crescent is active in South America on two highly prospective fronts: the Oviedo Uranium Project in Paraguay, where Crescent has had early success with the drill; and the Matupa Gold Project in Brazil, where both Crescent and previously Rio Tinto have drilled exciting gold intercepts.
Event
On July, 25, 2008 - the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 19, 2007 and December 14, 2007 by Crescent Resources Corp.
Details of the Private Placement
Number of shares: 3,758,000 shares
Warrants: 1,879,000 share purchase warrants to purchase 1,879,000 shares
Number of Placees: 14 placees
Purchase Price: $0.25 per share
Private Placement Participants
Gregory R. Davis for 40,000 shares (Vice President Business Development of Crescent Resources Corp.)
Michael J. Hopley for 100,000 shares (President & CEO of Crescent Resources Corp.)
Gary Bogdanovich for 100,000 shares (Investment Advisor at Haywood Securities)
Amanda Halliday for 300,000 shares (probably, but dont hold me to it, a relative of Don Halliday - one of the founders of Crescent Resources and currently Vice President Corporate Development)
Passport Materials Master Fund LP (John Howard Burbank III) for 1,700,000 shares (San Francisco based hedge fund run by John Howard Burbank III)
Investment Risks
Without limitations, some of the risks include reserves and resource risk, development risks, permitting risks, off-take agreements, commodity price risks, geo-political risks, exchange rates, weather related impacts etc.
So Do Your Own Due Diligence !
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Last update : 26-10-2008 22:15
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