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VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Feb. 18, 2014) - Crazy Horse Resources Inc. ("Crazy Horse" or "the Company") (TSX VENTURE:CZH) is pleased to announce that it has completed a non-brokered private placement of 26,000,000 units (the "Units) at a price of $0.05 per Unit for gross proceeds of C$1,300,000(the "Offering").
Each Unit consists of one common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one additional common share at a price of C$0.075 per common share until February 18, 2017 (the "Expiry Date").
All securities issued or issuable under the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws that expires on June 19, 2014.
The Company paid no finders' fees on the Offering.
The gross 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.
Final approval of the private placement is subject to receipt of TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF CRAZY HORSE RESOURCES INC.
Darryl Cardey, Interim CEO and President
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