Crest Resources (TSE:CRES) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Crest Resources Inc. has announced a strategic share acquisition, purchasing 8 million shares of Rain City Resources Inc. at $0.09 each, amounting to $720,000. This deal involves a share exchange with 1459988 BC Ltd., a control person of both companies, and is pending approval by the CSE. Notably, the transaction, which includes issuing 14.4 million Crest shares to 1459988 BC Ltd., is a related party transaction with exemptions from certain minority shareholder protections.
For further insights into TSE:CRES stock, check out TipRanks’ Stock Analysis page.