VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2011) - Cresval Capital Corp. (the "Company") (TSX VENTURE:CRV) reports that it has closed the first tranche of the private placement (the "Offering") originally announced March 23, 2011. The Company placed an initial 2,659,000 units at a price of $0.20 per unit for aggregate proceeds totaling $531,800.
Each unit placed in connection with the Offering consists of one common share and one non-transferable common share purchase warrant. Each warrant is exercisable to acquire one common share of the Company at a price of $0.30 per share for a period of two years from the closing date of the Offering.
The Company will pay commissions totaling up to 7% on units placed in the first tranche of the Offering. The terms of the placement are subject to acceptance by the TSX Venture Exchange.
Proceeds from the offering will be used to fund continued exploration programs at the Bridge River copper-gold project, the Raven gold claims and for working capital.
About Cresval Capital
Cresval Capital is a junior copper and precious metals exploration company actively involved in two 100% owned projects situated near the productive Bralorne Gold camp in the Lillooet mining district in southwestern British Columbia.
Information on Cresval's projects is available on the corporate website at www.cresval.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Lee Ann Wolfin, President
Forward looking statements: This release contains statements that are forward‐looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward‐looking statement.
Neither 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.
Contact Information:
Lee Ann Wolfin
604-682-3701
lawolfin@me.com
CACS International Inc.
Doug Kerr
604-248-8736 or TF: 877-537-9064
dkerr@cresval.com
www.cresval.com