Crest Resources Inc. (CNSX:CRES) entered into an agreement to acquire EResource Technologies I, LLC from Jonas Norr for $0.31 million on January 22, 2021. Crest Resources will issue 4 million common shares as consideration. The payment shares will be held in escrow by Crest Resources to be released to Jonas Norr as to 1 million payment shares upon execution of the agreement and an additional 0.75 million payment shares every six months thereafter over a period of 24 months.

Jonas Norr will continue to provide services to EResource under a technology acquisition agreement for a term of 24 months.