Crestview Exploration Inc. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.105 per unit for the gross proceeds of CAD 525,000 on February 27, 2023. Each unit shall be comprised of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share from the company at a price of CAD 0.20 per share for a period of 24 months from closing of the offering.

The closing of the offering is subject to certain conditions, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the offering will be subject to a statutory four-month and-one-day hold period from the closing date. The company may pay a finder's fee in respect of those purchasers under the offering introduced to the company by certain persons.

Each finder will receive a cash payment up to 8 per cent of the gross proceeds received by the company.