Pinecrest to Increase Financing
April 05 2011 - 4:00PM
Marketwired
Pinecrest Resources Ltd. ("Pinecrest" or the "Company") (TSX
VENTURE: PCR), a capital pool company, announces an increase of its
previously announced non-brokered private placement (February 28,
2011). The non-brokered private placement will be increased from
2,500,000 units (the "Units") to 3,500,000 Units at a purchase
price of $0.22 per Unit. Each Unit will consist of one common share
and one transferable common share purchase warrant (a "Warrant").
Each Warrant will entitle the holder to acquire an additional
common share of Pinecrest at an exercise price of $0.30 per common
share.
ON BEHALF OF THE BOARD
Edward Farrauto, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Pinecrest Resources Ltd. Edward Farrauto Chief
Executive Officer 604-687-3992 604-628-1011 (FAX)
efarrauto@bayridgecapital.com
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