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Crown Point Ventures Ltd. (the “Company”) (TSX.V: CWV) announces that it has negotiated a
$1,001,000 private placement, to consist of the sale of 1,540,000 units at a price of $0.65 per
unit. Each unit will consist of one flow-through common share and one share purchase warrant,
with each warrant to entitle the holder to purchase one additional common share for a period of 2
years from closing, at an exercise price of $0.75 during the first year, and at an exercise price of
$1.00 during the second year.
The proceeds from this private placement, which is subject to regulatory acceptance, will be used
to finance the Company’s ongoing drilling operations in Manitoba.
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