Crestview Exploration Inc. announced a non-brokered private placement of up to 5,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of up to CAD 500,000 on December 14, 2022. Each unit shall be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.20 per share for a period of 24 months from closing of the transaction.

The closing of the transaction is subject to certain conditions, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the transaction 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 transaction introduced to the company by certain persons.

Each finder will receive a cash payment equal to 6% of the gross proceeds received by the company from purchasers in the transaction who were introduced to the company by such finder.