November 21, 2012 10:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2012) - Crazy Horse Resources Inc. (TSX VENTURE:CZH) -
The Company entered into a Consulting Services Agreement dated October 1, 2011 with Barton Metals Pty Ltd. (the "Consultant"). The Consultant was hired on an independent consultant basis as Project Manager for the pre-feasibility of the Company's Taysan copper project in the Philippines (the ""Project"). The Company announced on September 28, 2012 that all terms of the pre-feasibility had been successfully completed on the Project and that the Company would not be proceeding to full feasibility on the Project. The Consultant is owed CDN$91,358.80 under the Consulting Agreement and the Company and the Consultant have agreed to settle the same by way of the issuance of an aggregate 1,141,985 common shares (the "Shares") at a deemed price of $0.08 per Share. The TSX Venture Exchange has approved issuance of the Shares. The Shares are subject to a four month hold period.
ON BEHALF OF THE BOARD
Mitch Alland, President and CEO
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.
KIN Communications Inc.Investor Relations1-866-684-6730Ir@kincommunications.com
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