VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 13, 2014) -
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CRAZY HORSE RESOURCES INC. ("Crazy Horse" or "the Company") (TSX VENTURE:CZH) announces that it intends to undertake a non-brokered private placement to raise aggregate gross proceeds of up to C$1,300,000. The financing will be effected through the sale of up to 26,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering").
Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share for a period of three (3) years at a price of C$0.075 per common share.
The net proceeds of the Offering will be used to further advance the Company's Taysan Copper-Gold Porphyry Project in the Philippines and for general working capital.
The Company may pay finders' fees in connection with the offering, in accordance with TSX Venture Exchange policies.
Closing of the private placement is subject to receipt of TSX Venture Exchange approval.
Further information is available at www.crazyhorseresources.com.
ON BEHALF OF THE BOARD OF CRAZY HORSE RESOURCES INC.
Darryl Cardey, Interim CEO and President
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.