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Property NewsNovember 6, 2008 Crescent Resources Corp. (TSXV:CRC) said it has pulled out of an agreement to buy assets in the Matupa gold property in Brazil.
May 15, 2008 Announced exploration plans consisting of a minimum 3,000 metre diamond drill program designed to follow up on previous drilling. Target areas for drilling include the Serrinha 1 and 2 zone and Filao de Capim zone. November 19, 2007 Crescent plans a Can$3.5 million financing consisting of 10 million units at 35 cents per unit. Each unit will consist of one common share and one-half of one common share purchase warrant with each whole warrant entitling the subscriber to purchase one additional common share in the capital of the company at a price of 50 cents for the first
year and 70 cents for the second year from closing of the private placement. Proceeds of this private placement will primarily be used for continued exploration and drilling on the Oviedo uranium property in Paraguay and the Matupa gold property in Brazil, as well as general corporate purposes. |
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