Crescent Resources Corp.
TSX VENTURE : CRC

Crescent Resources Corp.

November 19, 2007 08:00 ET

Crescent Resources Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Crescent Resources Corp.(TSX VENTURE:CRC) ("Crescent" or the "Company") is pleased to announce that it proposes to raise up to $3,500,000 by way of a non-brokered private placement through the issuance of up to 10,000,000 units at a price of $0.35 per unit (the "Unit"). Each Unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the subscriber to purchase one additional common share in the capital of the Company at a price of $0.50 for the first year and $0.70 for the second year from closing of the private placement. The Company may pay finder's fees allowable under the TSX Venture Exchange policies. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.

Proceeds of this private placement will primarily be used for continued exploration and drilling on the Oviedo Uranium Property in Paraguay and the Matupa Gold Property in Brazil, as well as general corporate purposes.

CRESCENT RESOURCES CORP.

Michael Hopley, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information