Crescent Resources Corp.
TSX VENTURE : CRC

Crescent Resources Corp.

October 22, 2009 16:15 ET

Crescent Resources Closes Tranche 2 of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Crescent Resources Corp. (TSX VENTURE:CRC) ("Crescent") is pleased to announce that, further to its news release dated October 15, 2009, the Company has closed tranche 2 of a non-brokered private placement of 5,000,000 Units at a price of $0.10 for proceeds of $500,000. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the subscriber to purchase one additional common share in the capital of the Company at a price of $0.20 for two years from closing of the private placement.

The first tranche of 3,600,000 Units for proceeds of $360,000 closed on October 15, 2009 and the second tranche of 1,400,000 Units for proceeds of $140,000 closed October 21, 2009. Securities issued October 15, 2009 are subject to a four month hold period until February 16, 2010 and securities issued October 21, 2009 are subject to a four month hold period until February 22, 2009.

Crescent is a junior exploration company currently focused on exploring the Rattlesnake Hills North Project in Wyoming. The Company is managed by an experienced team with several discoveries attributable to the group. Crescent trades on the TSX.V – symbol: CRC.

CRESCENT RESOURCES CORP.
 
Michael Hopley, President and 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.

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