Crescent Resources Corp.

Crescent Resources Corp.

December 14, 2007 17:38 ET

Crescent Resources Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2007) - Crescent Resources Corp. ("Crescent" or the "Company") (TSX VENTURE:CRC) announces that it has re-priced the non-brokered private placement originally announced on November 19, 2007. Under the new terms of the private placement, the Company will now issue up to four million units at a price of 0.25 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 $0.35 for two years from closing of the private placement. The Company may pay finder's fees allowable under the TSX Venture Exchange policies. Insiders may take part in the private placement and 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.


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