Proactiveinvestors Australia Food Revolution Group Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Food Revolution Group Ltd RSS feed en Mon, 27 May 2019 01:13:14 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Food Revolution Group ships first Fruit Farm orange juice to China ]]> https://www.proactiveinvestors.com.au/companies/news/214510/food-revolution-group-ships-first-fruit-farm-orange-juice-to-china-214510.html Food Revolution Group Ltd (ASX:FOD) has shipped its first orders of Fruit Farm orange juice to China, following receipt of purchase orders and payment from strategic partners Careline and JJ Global Fine Foods.

The order forms part of a strategic distribution agreement with Careline to target at least $20 million per annum of additional sales within two years.

 

Fruit Farm cloudy apple juice and orange juice

 

Final production samples of the 2-litre fruit farm orange juice were also shipped to JJ Global for final approval before eventually being distributed for sale through high-end hotel chains across China, including the Marriot Group (300 hotels), Accor (+160 hotels), the Hyatt and the Shangri La.

The juice is also being distributed across all major supermarkets, including China Walmart and Carrefour.

READ: Food Revolution Group upgrades processing facility due to high Chinese demand

As a result of these distribution deals, it is expected that demand for the FOD products will grow rapidly across China and lead to strong sales volumes once China Inspection and Quarantine (CIQ) certification is achieved.

CIQ approval means FOD products are approved for sale in physical stores in China. 

- Jessica Cummins 

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Wed, 13 Feb 2019 00:57:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214510/food-revolution-group-ships-first-fruit-farm-orange-juice-to-china-214510.html
<![CDATA[News - Food Revolution Group upgrades processing facility due to high Chinese demand ]]> https://www.proactiveinvestors.com.au/companies/news/212736/food-revolution-group-upgrades-processing-facility-due-to-high-chinese-demand-212736.html Food Revolution Group Ltd (ASX: FOD) has upgraded its Mill Park processing facility in Victoria to allow for increased volume and to expand its product range.

Following high demand from Chinese customers, a state-of-the-art self-contained 1,260 square metre clean room featuring a laboratory and powder mix room will also be installed.

The upgrades mean the facility will be able to produce in-demand functional health and beauty aids which will be sold into China.

Building sales into China

Food Revolution Group chairman Dr Normal Li said: “ The upgrade at our Mill Park processing facility will allow for increased volume to build our sales into China and we look forward to producing functional health and beauty aids which will expand the company’s export range.

“We anticipate that the upgrade will increase the capacity of our plant multiple times in terms of potential revenue generation.

“Following strong interest in our products by Chinese customers we anticipate further distribution deals in the near-term as we build our brand presence across China.”

Distribution deal with Sinopec

The plant upgrades are a result of recent distribution deals with the world’s largest oil & gas conglomerate, China Petroleum and Chemical Corporation (Sinopec), to distribute FOD’s Australia Garden Canola Oil across its network of more than 35,000 petrol and convenience outlets.

Another important deal was made with JJ Global Fine Foods to supply Fruit Farm Orange Juice across mainland China and through high-end hotel chains.

Company expects 50% volume growth

FOD expects that selling its products in high-end chains will not only increase the presence and status of its Australian Fruit Farm brand in China but also rapidly expand the company’s distribution footprint.

The company expects volumes to grow around 50% on a year on year basis.

- Jessica Cummins

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Wed, 16 Jan 2019 20:48:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212736/food-revolution-group-upgrades-processing-facility-due-to-high-chinese-demand-212736.html
<![CDATA[News - Food Revolution Group gains on banking $1 million from China distributor Careline Australia ]]> https://www.proactiveinvestors.com.au/companies/news/205728/food-revolution-group-gains-on-banking-1-million-from-china-distributor-careline-australia-205728.html Food Revolution Group Ltd (ASX:FOD) lit a flame under its share price today, rocketing up to 20% during intraday trading after completing the first tranche of a $20.25 million investment.

The Melbourne-based juice-and-water company closed 11.5% up today after issuing 18,518,519 ordinary shares to Careline Australia Pty Ltd as the investment company and its chief executive officer Dr Norman Li made a strategic investment.

READ: The Food Revolution Group shares rise on signing China distribution deal

Li will become Food Revolution’s chairman after Careline serves up another $2.51 million, in a second tranche expected by the end of next month.

He can then opt to appoint two further directors to the food producer’s board.

Careline CEO Li said: “Post the announcement of my strategic investment I have had strong interest from my distribution network for the products we are looking to develop in conjunction with FOD.”

Business plan goals

Li said he looked forward to joining the Food Revolution board and executing the company’s business plan.

He reported: “I am looking to expedite my investment and position on the board, so we can jointly take advantage of the significant opportunity in the Chinese market.”

Food Revolution, which also produces fibres, noted China distributor Careline had incentives to rapidly-grow its product offering and improve its distribution in the key Asian market.

The incentives aim to ensure Careline can help improve Food Revolution’s footprint in China by $465 million or 1,328% to $500 million in three-to-five years.

Food Revolution currently writes about $35 million business in China.

The company’s securities closed 1.5 cents, or 11.54%, up to 14 cents today.

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Wed, 26 Sep 2018 03:13:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205728/food-revolution-group-gains-on-banking-1-million-from-china-distributor-careline-australia-205728.html
<![CDATA[Media files - The Food Revolution Group expanding sales into China, with five prongs for growth ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10498/the-food-revolution-group-expanding-sales-into-china-with-five-prongs-for-growth-10498.html Mon, 17 Sep 2018 21:22:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10498/the-food-revolution-group-expanding-sales-into-china-with-five-prongs-for-growth-10498.html <![CDATA[News - The Food Revolution Group shares rise on signing China distribution deal ]]> https://www.proactiveinvestors.com.au/companies/news/202712/the-food-revolution-group-shares-rise-on-signing-china-distribution-deal-202712.html The Food Revolution Group Ltd (ASX:FOD) has signed a deal with Health More to develop a range of innovative beverage products to distribute through Health More’s cross-border e-commerce (CBEC) channels into the Chinese market.

Health More is Australia’s largest CBEC distribution, sales and marketing company, taking health, wellness, beauty and other products to China and South-East Asia.

Health More works with more than 160 well-known brands such as Blackmores, A2, Sukin, Lucas Paw Paw, Comvita, Bio Island, Natio and many others in the dietary supplements, milk powders, cosmetics and food markets across the CBEC channel.

Its 170-strong team located in Melbourne, Sydney, New Zealand, China and Hong Kong has guided multiple Australian and New Zealand brands to successfully connect with Chinese consumers.

According to China’s Ministry of Commerce, CBEC in China reached 6.5 trillion yuan ($1.3 trillion) in 2016, accounting for 20% of China’s foreign trade.

Multiple channels to connect with Chinese consumers

CBEC is not the only means to sell imported products online in China.

All products imported via B2B conventional trade through the China Australia Free Trade Agreement can also be sold online—as well as in traditional retail outlets.

FOD will develop functional and nutritional health products based on data sourced from the top e-commerce platforms – data that covers the world’s best health and wellness brands providing product and category insights for what is trending and selling in high volume.

FOD executive chairman Bill Nikolovski said: “The demand for Australian and New Zealand health and wellness products in China is large and it has enormous revenue potential for Australian companies.”

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Mon, 13 Aug 2018 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202712/the-food-revolution-group-shares-rise-on-signing-china-distribution-deal-202712.html
<![CDATA[News - The Food Revolution Group Ltd to produce orange juice for ALDI ]]> https://www.proactiveinvestors.com.au/companies/news/168726/the-food-revolution-group-ltd-to-produce-orange-juice-for-aldi-168726.html The food and beverage processing company manufactures a range of juices, fibres, infused fruits and fruit waters that are sold as branded products or ingredients to customers.

The Food Revolution Group’s share price was last trading at $0.115, up 9.52% intraday.

The latest orange juice product will be available for sale in ALDI stores in Victoria, South Australia and Western Australia, starting this month.

In addition, The Food Revolution Group has significantly boosted its distribution network with several new agreements.

The company has signed a distribution deal with Botany International Foods, which will see its products distributed in up to 600 independent stores in New South Wales, Victoria and Queensland.

Botany has a distribution network of more than 200 independent stores in each of the three states, including Ritchies and IGA supermarkets.

The company has signed a separate distribution agreement with Our United Foods to distribute its products in more than 300 stores in South Australia and 150 stores in Queensland.

Food Revolution’s products will also be available in the “Grab and Go” section of 100 Coles Express stores from February 2017, with the products to be rolled out in further stores throughout the year.

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Wed, 09 Nov 2016 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168726/the-food-revolution-group-ltd-to-produce-orange-juice-for-aldi-168726.html
<![CDATA[News - The Food Revolution Group Ltd launching products in Coles and Woolworths ]]> https://www.proactiveinvestors.com.au/companies/news/167047/the-food-revolution-group-ltd-launching-products-in-coles-and-woolworths-71398.html The Food Revolution Group Ltd (ASX:FOD) will launch new products to extend its The Juice Lab ranges at Coles and Woolworths this month.

Food Revolution is a food and beverage processing company with operations in Victoria, it manufactures juices, fibres, infused fruits and fruit waters.

The new products include reduced-sugar juices and larger take-home packs.

New products are aimed at continuing to drive earnings for the company, which totalled $933,000 EBITDA for FY2016.

Bill Nikolovski, chief executive officer, commented: “We are very excited to extend our product range, which have been designed to meet consumers’ growing demand for products like this.

“We will continue to innovate and bring new products to the market that are focused on the changing tastes and preferences of consumers.”

The company recently completed its official audit for FY2016, which saw a 24% increase to underlying EBITDA to $933,000.

Food Revolution achieved year-on-year growth of 22%, or 71% on an annualised basis, and is focused on growing its reach into international markets including China in FY2017.

Supply chain contracts are currently being developed to enable sales of company products in China in the coming months.

The company commenced trading on the ASX in February, 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 07 Oct 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167047/the-food-revolution-group-ltd-launching-products-in-coles-and-woolworths-71398.html
<![CDATA[News - Crest Minerals in $12M fund raiser for beverage acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/146374/crest-minerals-in-12m-fund-raiser-for-beverage-acquisition-66619.html Crest Minerals (ASX:CTT) has timed its change in corporate direction into the food and beverage sector well raising $12 million in an oversubscribed capital raising.

Crest will become the The Food Revolution Group (FOD) as result of a reverse takeover of food processing company, LangTech International Pty.

LangTech operates out of Victoria and New Zealand and manufactures juices, fibres, infused fruits, fruit waters and bioactives for sale as branded products and ingredients into the international food and nutraceutical markets.

The company's independent expert assessed normalised maintainable EBDITA assuming no growth A$2.2 – A$2.3 million for 2015.

As part of the RTO process, the company will need to re-comply with Chapters 1 and 2 of the ASX Listing Rules and allowing recommencement of trading in its shares.

Food and beverage companies are beneficiaries of increased demand for Australian supplies from China and sector share prices have been bid higher and higher.

 


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

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Mon, 18 Jan 2016 18:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146374/crest-minerals-in-12m-fund-raiser-for-beverage-acquisition-66619.html
<![CDATA[News - Crest Minerals targets $10M raising in food transition ]]> https://www.proactiveinvestors.com.au/companies/news/146373/crest-minerals-targets-10m-raising-in-food-transition-66107.html Crest Minerals (ASX:CTT) has advanced its transition into the food sector with the launch of a prospectus aiming to raise A$10 million.

This fundraiser would include a share offer priced at A$0.10 and the possibility of accepting an oversubscription valued up to $2 million.

The gold explorer will be renamed Food Revolution Group after acquiring Langtech International, a food processing company with operations in Victoria and New Zealand.

Food Revolution is expected to expand this focus into international markets, including China.

Existing and new funds will be primarily directed to accelerate growth by funding expansion and launching a range of functional food and nutraceutical branded products domestically and into the Chinese market.

Nutraceutical products are characterised by their nutrition and pharmaceutical values, and are expected to represent a global market worth US$250 billion by 2018.

Langtech’s competitive advantage centres around the efficient manufacture of superior quality juices, fibres, infused fruits, fruit waters and bioactives for sale – as branded products and/or ingredients – into the high growth international functional food, beverage and nutraceutical markets.

Langtech has annual sales of about $17 million.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 10 Dec 2015 17:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146373/crest-minerals-targets-10m-raising-in-food-transition-66107.html
<![CDATA[News - Crest Minerals continues due diligence on food processing company ]]> https://www.proactiveinvestors.com.au/companies/news/146372/crest-minerals-continues-due-diligence-on-food-processing-company-64665.html Crest Minerals (ASX:CTT) continues to progress acquisition of The Food Revolution Group with the company extending the due diligence process by a further 7 days to 26th September 2015.

The mutual due diligence process is the first condition precedent to completion of the reverse takeover transaction.

Under the transaction, Crest will issue 105 million shares and 200 million performance shares that vest on three milestones to acquire LangTech International Pty Ltd, a food processing company with operations in Victoria and New Zealand that will be renamed The Food Revolution Group.

LangTech uses a combination of conventional juice processing equipment and Counter Current Extraction – developed in joint venture with CSIRO – to efficiently manufacture a range of superior quality juices, fibres, infused fruits, fruit waters and bioactives for sale.

Its two main channels to market are:

Retail: Juice and supplement products under LangTech’s own retail brands launching domestically and internationally. Distribution channels are also being established in China to sell a range of these products under the brand “Australia’s Garden”; and
Wholesale: Conventional non-branded wholesale bottling and juicing, with numerous distribution agreements already in place.

LangTech has current annual sales of about $17 million.

On completion of the transaction, the combined company will undergo a capital consolidation and raise between $10 million and $12 million to fund growth and reduce debt.

Other conditions include securing shareholder approval and re-complying with Chapters 1 and 2 of the ASX Listing Rules.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Sep 2015 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146372/crest-minerals-continues-due-diligence-on-food-processing-company-64665.html
<![CDATA[News - Crest Minerals leads ASX% gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/146371/crest-minerals-leads-asx-gainers-intra-day-63689.html Tuesday’s leading ASX % Gainers intra-day.

NameCodeLastChangeVolume Crest Minerals ASX:CTT $0.012 33.3% 3,304,999 Kinetiko Energy ASX:KKO $0.025 31.6% 330,365 Tasman Resources ASX:TAS $0.07 29.6% 9,357,013 DMY Capital ASX:DMY $0.033 26.9% 15,973,299 Raya Group ASX:RYG $0.005 25% 890,500 Austpac Resources ASX:APG $0.01 25% 6,654,665 NSL Consolidated ASX:NSL $0.011 22.2% 1,013,700 Cudeco Limited ASX:CDU $1.21 21.6% 1,223,579 Samson Oil & Gas ASX:SSN $0.006 20% 1,600,000 Kneomedia Limited ASX:KNM $0.03 20% 228,411

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 28 Jul 2015 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146371/crest-minerals-leads-asx-gainers-intra-day-63689.html
<![CDATA[News - Crest Minerals has a significant transaction on the cards ]]> https://www.proactiveinvestors.com.au/companies/news/146370/crest-minerals-has-a-significant-transaction-on-the-cards-63631.html Crest Minerals (ASX:CTT) shares are in pre-open following the ASX granting the company a trading halt this morning.

Crest entered the halt pending details of a significant transaction.

The company has previously said that it is on the lookout for advanced projects.

The halt will remain in place until the opening of trade on Tuesday 28th July 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 24 Jul 2015 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146370/crest-minerals-has-a-significant-transaction-on-the-cards-63631.html
<![CDATA[News - Crest Minerals heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/146369/crest-minerals-heads-to-market-55009.html Crest Minerals (ASX: CTT) is heading to market with a capital raising.

The ASX has granted the company a trading halt this morning, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Tuesday 20th May 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 16 May 2014 12:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146369/crest-minerals-heads-to-market-55009.html
<![CDATA[News - Crest Minerals hits more gold mineralisation at Majestic North in WA ]]> https://www.proactiveinvestors.com.au/companies/news/146368/crest-minerals-hits-more-gold-mineralisation-at-majestic-north-in-wa-48923.html Crest Minerals (ASX: CTT) plans to focus on deeper primary mineralisation at its Majestic North project in Western Australia after defining a 2.2 kilometre long zone of gold mineralisation up to 250 metres wide.

Majestic North is located 3 kilometres north of Silver Lake Resources' (ASX: SLR) Majestic/Imperial Project in Western Australia’s Eastern Goldfields.

Its follow-up program of 51 holes had intersected further supergene mineralisation, most of which lies 20 metres to 40 metres below surface.

Supergene gold anomalism and gold dispersion blankets are generally associated with underlying, or proximal, primary mineralisation.

Drilling indicates there are at least two higher grade gold trends tracking the eastern and western margins, supporting a model of mineralisation being controlled by faults and related alteration and porphyries.

Results include:

-    4 metres at 2.52 grams per tonne gold from 28 metres;
-    8 metres at 1.42g/t gold from 32 metres; and
-    4 metres at 1.47g/t gold from 30 metres.

Its next reverse circulation drilling program to test for a primary gold source is currently being finalised.

The greater Majestic area is interpreted to be part of a larger intrusive-related or porphyry-style gold-copper mineralised system.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 09 Oct 2013 17:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146368/crest-minerals-hits-more-gold-mineralisation-at-majestic-north-in-wa-48923.html
<![CDATA[News - Crest Minerals finds gold with peak grade of 23.5 grams per tonne at Majestic North ]]> https://www.proactiveinvestors.com.au/companies/news/146367/crest-minerals-finds-gold-with-peak-grade-of-235-grams-per-tonne-at-majestic-north-45047.html Crest Minerals (ASX: CTT) has discovered high-grade gold in a 58-hole air-core drilling program in the Western Supergene of the company's Majestic North Gold Project, which is located in Western Australia's Eastern Goldfields.

Highlights include: 1 metre at 23.5g/t gold from 25 metres; 1 metre at 7.53g/t gold from 36 metres; and 1 metre at 6.61g/t gold from 22 metres.

Of the 58 holes, 5 holes returned assays of greater than 5g/t gold, while 11 drill holes returned assays above 3g/t gold.

Crest said that intrusive basement rocks encountered central to gold mineralisation on six of nine traverses, providing strong indication the anomaly may sit above an intrusive-related gold system of some significance.

The results confirm and extend Crest’s exploration target at Majestic North in terms of size and grade, creating a zone of supergene mineralisation 1100 metres in strike and up to 240 metres wide (at >1.0 g/t gold) in two main gold enriched layers, which is open to the north.

The company will focus now on discovering the source of primary mineralisation of this potentially mineable regolith gold mineralisation.

This will include wide-diameter reverse circulation drilling of an exploration target in the Western Supergene zones in the transported and upper transported materials, with drilling to test for presence of the primary gold source.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Jul 2013 18:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146367/crest-minerals-finds-gold-with-peak-grade-of-235-grams-per-tonne-at-majestic-north-45047.html
<![CDATA[News - Crest Minerals drills “significant” supergene gold anomaly at Majestic North ]]> https://www.proactiveinvestors.com.au/companies/news/146366/crest-minerals-drills-significant-supergene-gold-anomaly-at-majestic-north-43806.html Crest Minerals (ASX: CTT) has just completed a drilling program across a “significant” supergene gold anomaly at the company's Majestic North Gold Project, which is located in the Eastern Goldfields of Western Australia.

Majestic North is strategically located within trucking distance of six operating gold mills, which provides the company with milling options or ore agreements, and is prospective due to being
along strike from Silver Lake Resources’ (ASX: SLR) Majestic Gold deposit and the high grade Imperial prospect.

The fourth round of air-core drilling cover 3700 metres in 58 holes, which targeted an improved understanding of the dimensions and gold grade of the Western Supergene anomaly.

There is the potential for the anomaly to sit above an intrusive-related gold system of some intrusive basement rocks which Crest said were commonly porphyritic - were encountered central to extrapolated gold mineralisation on six of nine traverses.

The latest drilling was a follow-up to February's vertical air-core drilling. The vertical and angled air-core program was drilled across the previously delineated exploration target to infill from 200 by 80 metres spacing to 100 by 40 metre spacing.

Results have improved the definition of the supergene mineralisation, with Crest to now test at depth with a reverse circulation drilling program.

Crest currently has a capital raising underway to raise up to $2.2 million by way of a 1:1 non-renounceable entitlement issue, together with 1 free attaching option for every 3 shares issued.

The entitlement issue is conditionally partially underwritten by Patersons Securities to $985,520 subject to execution of a satisfactory underwriting agreement.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 28 May 2013 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146366/crest-minerals-drills-significant-supergene-gold-anomaly-at-majestic-north-43806.html
<![CDATA[News - Crest Minerals seeks $2.2M to progress Western Australia gold project ]]> https://www.proactiveinvestors.com.au/companies/news/146365/crest-minerals-seeks-22m-to-progress-western-australia-gold-project-43578.html Crest Minerals (ASX: CTT) is looking to raise up to $2.2 million through a partially underwritten rights issue to progress its flagship Majestic North Gold Project in Western Australia’s Eastern Goldfields.

Proceeds will also be used to test other prospective exploration targets and strengthen its overall working capital position

The non-renounceable rights issue offers shareholders one new share priced at $0.06 for every share held. This is partially underwritten by Patersons Securities Limited to $985,520 subject to execution of a satisfactory underwriting agreement.

This includes a free attaching option exercisable at $0.06 on or before 30 November 2014 for every three shares subscribed.

The issue price reflects a 48% discount to the most recent 30-day volume weighted average of Crest’s share price.

Crest’s directors reserve the right to place any remaining shortfall at their discretion within three months after the close of the offer.

Majestic North is located 50 kilometres east of Kalgoorlie and is within trucking distance of six operating gold mills. It is also located along strike from S    ilver Lake Resources (ASX: SLR) Majestic Gold deposit and high grade Imperial prospect.

Crest had in April extended and upgraded a supergene gold anomaly at its Majestic North gold project in Western Australia’s Eastern Goldfields.

This has increased the potential exploration target at Majestic North to 400,000 tonnes at 2g/t gold, making it a high priority exploration target.

Follow-up angled and vertical aircore drilling is planned across the “Western Supergene” high grade zones that strikes north northeast to infill the zone and better define and constrain the mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 May 2013 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146365/crest-minerals-seeks-22m-to-progress-western-australia-gold-project-43578.html
<![CDATA[News - Crest Minerals to raise capital ]]> https://www.proactiveinvestors.com.au/companies/news/146364/crest-minerals-to-raise-capital-43480.html Crest Minerals (ASX: CTT) is planning to carry out a capital raising and has placed its shares into an ASX trading halt.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday, 22nd May 2013.

Crest had in April extended and upgraded a supergene gold anomaly at its Majestic North gold project in Western Australia’s Eastern Goldfields.

This has increased the potential exploration target at Majestic North to 400,000 tonnes at 2g/t gold, making it a high priority exploration target.

Follow-up angled and vertical aircore drilling is planned across the “Western Supergene” high grade zones that strikes north northeast to infill the zone and better define and constrain the mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 May 2013 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146364/crest-minerals-to-raise-capital-43480.html
<![CDATA[News - Crest Minerals to increase footprint in WA’s Eastern Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/146363/crest-minerals-to-increase-footprint-in-was-eastern-goldfields--42859.html Crest Minerals (ASX: CTT) has applied for an additional tenement adjoining its Majestic North Gold Project, near Kalgoorlie in Western Australia’s prolific Eastern Goldfields.

The granting of tenement E25/494 would add 103 square kilometres to the company’s landholding in the Mt Majestic region.

The tenement was previously held by Rubicon Resources (ASX: RBR) and more recently, Pioneer Resources (ASX: PIO).

At Mt Majestic, Crest has recently extended and upgraded a supergene gold anomaly with the completion of 175-hole aircore drilling program.

That program identified a continuous zone of plus 0.2 grams per tonne (g/t) gold mineralisation over 10 traverses of aircore drilling for 2,350 metres of strike length, striking to the north-northeast, and open to the north.

A potential exploration target of 150,000 tonnes at 4g/t to 400,000 tonnes at 2g/t for 20,000 to 25,000 ounces of contained gold within the transported material has been defined for the anomaly, which is now a high priority exploration target.

Crest will focus on discovering the source of this potentially mineable supergene gold mineralisation.

Follow-up angled and vertical aircore drilling began in late April across this high grade zone to better define and constrain the mineralisation.

The program of 50-holes will be completed tomorrow with initial results and preliminary interpretation expected in about three weeks.

This current drill program will be instrumental in targeting the source of primary mineralisation, with deeper reverse circulation drilling planned for later in the year.


Next steps

Crest intends analysing and interpreting existing data from previous explorers’ programs on tenement E25/494, including airborne magnetic surveys.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 03 May 2013 15:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146363/crest-minerals-to-increase-footprint-in-was-eastern-goldfields--42859.html
<![CDATA[News - Crest Minerals upgrades exploration target at Majestic North supergene anomaly ]]> https://www.proactiveinvestors.com.au/companies/news/146362/crest-minerals-upgrades-exploration-target-at-majestic-north-supergene-anomaly-42385.html Crest Minerals (ASX: CTT) has extended and upgraded a supergene gold anomaly Majestic North gold project in Western Australia’s Eastern Goldfields after receiving assays from a third round of aircore drilling.

Majestic North now has a potential exploration target of 150,000 tonnes at 4g/t gold to 400,000 tonnes at 2g/t gold and is considered a high priority exploration target.

Notable intersections from the drilling are 3 metres at 4.2 grams per tonne gold including 1 metre at 11g/t gold and 1 metre at 5.5g/t gold.

The highest grade intersections are just north of the mid-section and comprise of a shallower gold dispersion blanket in transported material at 21-36 metres depth.

The “Western Supergene” zone strikes north northeast for 2350 metres, is 240 metres to 400 metres in width with a thickness of 2 to 4 metres at the 0.1 gpt envelope and is open to the north.

Follow-up angled and vertical aircore drilling is planned shortly across this high grade zone to infill the zone and better define and constrain the mineralisation.

This will also allow Crest to target the source of primary mineralisation with deeper reverse circulation drilling later this year.

Crest had $1.7 million in cash as of 31 December 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 23 Apr 2013 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146362/crest-minerals-upgrades-exploration-target-at-majestic-north-supergene-anomaly-42385.html
<![CDATA[News - Crest Minerals drilling uncovers encouraging geology at Majestic North ]]> https://www.proactiveinvestors.com.au/companies/news/146361/crest-minerals-drilling-uncovers-encouraging-geology-at-majestic-north-40875.html Crest Minerals’ (ASX: CTT) inaugural reverse circulation drilling program at its flagship Majestic North gold project in Western Australia has defined a zone of elevated gold with significant strike length.

The zone of strong silica, chlorite, haematite / epidote, sericite, carbonate and magnetite alteration is similar to that of Silver Lake Resources’ (ASX: SLR) Majestic Gold deposit about 2.5 kilometres to the south.

This Central Zone is hosted within a swarm of prospective feldspar porphyry intrusives which is similar host rock to Majestic.

The alteration indicates a hydrothermal/mesothermal source that may yield a gold accumulation along a shear structure elsewhere on its tenements.

However, gold grades returned from the drilling program were generally lower than expected with a peak intersection of 4 metres at 1.73 grams per tonne gold from 84 metres including 2 metres at 2.64g/t gold from 85 metres.

Crest believes that the right mix of geological conditions are in place at Majestic North and that further drilling is required to isolate a location where gold concentration has reached ore grade.

It will now carry out further analysis of results from the reverse circulation program including multi-element analysis, petrology, structural modelling and alteration assemblage work to increase its understanding of the geology across the project.

Data processing and analysis on a recently completed 174 hole aircore drilling program which focused on areas previously inaccessible due to heritage issues as well as target generation across its tenements with an auger survey.

Crest had $1.7 million in cash as of 31 December 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Mar 2013 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146361/crest-minerals-drilling-uncovers-encouraging-geology-at-majestic-north-40875.html
<![CDATA[News - Crest Minerals proves up gold mineralisation at Mt Ida ]]> https://www.proactiveinvestors.com.au/companies/news/146360/crest-minerals-proves-up-gold-mineralisation-at-mt-ida-38431.html Crest Minerals’ (ASX: CTT) aircore drilling at the Mt Ida project in Western Australia has intersected gold, providing encouragement for the upcoming reverse circulation drilling and identifying new targets.

Drilling at the Spotted Dog prospect confirmed the presence of three gold-mineralised trends, with the eastern-most trend having the best chance of hosting significant gold mineralisation.

Notable intercepts from this trend, which has a strike length of 200 metres, include 12 metres at 1.62 grams per tonne (g/t) gold and 4 metres at 1.8g/t gold.

This zone contains gold-in-regolith anomalism and has a possible westerly dip to the mineralised zone.

Crest plans to test this zone with a reverse circulation program of six angled holes.

The aircore program of 67 holes totalling 2,973 metres was designed to further test the strongest recorded gold-in-regolith anomalism identified by angled rotary airblast drilling completed by Acacia Resources in 1999 and 2000.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Jan 2013 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146360/crest-minerals-proves-up-gold-mineralisation-at-mt-ida-38431.html
<![CDATA[News - Crest Minerals kicks off Eastern Goldfields drilling program ]]> https://www.proactiveinvestors.com.au/companies/news/146359/crest-minerals-kicks-off-eastern-goldfields-drilling-program-36905.html Crest Minerals (ASX: CTT) will use a reverse circulation drilling program at the Majestic North Gold Project to follow-up discoveries from an air-core drilling program, which included 11 metres at 1.495g/t gold, including 2 metres at 6.56g/t gold.

The new program will include 24 holes to around 150 metres covering a total of 3600 metres, which will reach into bedrock or fresh rock from about 50 metres.

The breakdown of the drilling includes nine holes in a supergene zone on the western side of the project, 12 holes in the central and three holes in the central west region of the tenement area.

Results from the program are expected to start to flow though in January, after which the company plans to schedule a follow up reverse circulation campaign.

The Majestic North Gold Project is located in the highly prospective Mt Monger region of Western Australia, which hosts numerous gold discoveries including Integra Mining's (ASX: IGR) Majestic and Imperial discoveries immediately south of Crest’s tenements.

The importance of the proximity to Integra's discoveries is that it provides Crest with regional data which will help in the planning of exploration programs.

Crest had $2.4 million in cash at the end of September 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 05 Dec 2012 15:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146359/crest-minerals-kicks-off-eastern-goldfields-drilling-program-36905.html
<![CDATA[News - Crest Minerals finds more gold in Eastern Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/146358/crest-minerals-finds-more-gold-in-eastern-goldfields--36584.html Crest Minerals (ASX: CTT) is making solid progress at its flagship Majestic North Project in Western Australia where a follow up aircore drilling program has been completed delivering promising gold intercepts.

The project is located in the prolific Eastern Goldfields near Kalgoorlie, host to numerous gold discoveries including Integra Mining’s (ASX: IGR) Majestic and Imperial discoveries immediately south of Crest’s tenements.

Highlights from Crest’s 5,813 metre, 112 hole program included 11 metres at 1.495g/t gold, including a 2 metre intersection at 6.56g/t, which is significant being hosted in basement rock at the end of the hole.

Demonstrated wide-spread gold anomalism from the two aircore drilling programs, when overlaid over geophysical interpretation and magnetic data, has assisted Crest in planning for a reverse circulation 24-hole drill program.

Successful drilling programs have refined and identified several new gold anomalies over 1 kilometre in length that remain open to the north and south in the central and supergene zones of the Majestic North Project.

Auger results confirm north/south trending anomalism and complement aircore results and magnetic data.

Stage one of the reverse circulation drill program is scheduled to begin in early December, while the second stage is scheduled for early in the new year. In the new program, Crest is targeting “metres of grade”.

The focus has been on the southern extension of the supergene on the western side of the company’s leases, and the corridors of gold mineralisation in the central part of the lease.

Having now met its farm-in expenditure obligations, Crest will move to 80% ownership of the Majestic North joint venture.


Next Steps

Over the next three months Crest will complete targeted reverse circulation drilling of bedrock to a depth of about 150 metres each hole.

Also, the original western supergene zone will be infilled further and extended to the north in an aircore drilling program planned for February.

The follow up reverse circulation program will be scheduled once results are received for the December drilling program.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 29 Nov 2012 15:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146358/crest-minerals-finds-more-gold-in-eastern-goldfields--36584.html
<![CDATA[News - Crest Minerals starts gold search in the prolific Eastern Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/146357/crest-minerals-starts-gold-search-in-the-prolific-eastern-goldfields-31444.html Newly minted Crest Minerals (ASX: CTT) is cashed up and on the exploration trail with the company commencing its maiden drilling program at the Majestic North prospect - which is strategically placed in the prolific Eastern Goldfields near Kalgoorlie.

The program will comprise air-core drilling for up to 10,000 metres testing gold and copper zones.

Highlighting the prospectivity of the area, drilling will be conducted less than three kilometres from Integra Mining's (ASX: IGR) Majestic project and new Imperial discovery - which recently yielded near surface intersections of 8 metres at 24.42g/t gold and 4 metres at 43.30 g/t gold.

Crest's program is designed to expand on previous exploration on the tenement which showed evidence of gold and copper mineralisation, including existing gold drill intersections in the supergene zone of similar magnitude to neighbouring discoveries.

Also observed have been coincident copper and gold anomaly in near surface soils, with evidence of granite in existing drilling - which importantly are the same host rocks types as neighbouring Majestic and Imperial.

Not to be forgotten - Western Australia hosts some of the largest gold deposits in Australia, and in 2010 produced 5.9 million gold ounces, over 75% of Australia's production.


Majestic North back story

The company has entered into agreements with Western Resources and Zetek Resources to acquire up to an 80% joint venture interest in certain tenements of the Majestic North Project located in the Mount Monger area.

Drilling of the southern part of the surface geochemical anomaly defined a large area of supergene mineralisation consistently at about 36 to 40 metres below the surface.

The supergene gold mineralisation measures around 500 metres in strike and is open both to the north and south.


Other prospects

Crest has also entered into an agreement to acquire up to an 80% joint venture interest in certain tenements of the Mt Ida Project - which is also hosted within the Eastern Goldfields region.

The Mt Ida project area is located in the northern part of the Mt Ida greenstone belt, home to a number of large gold deposits, and also hosts a several gold prospects and soil anomalies.

The best known previously mined deposits occur at the Copperfield mining centre (Timoni lode system), the Bottle Creek deposits and in the northern parts of the Mt Ida mining centre (Boudie Rat and Forrest Belle deposits).


Heines Dam and Yundamindera

Crest has further agreements to earn up to a 90% joint venture interest in exploration licence 16/388, which is part of the Heines Dam Project in the Eastern Goldfields, as well as up to a 90% joint venture interest in each of the exploration licences 39/1414, 39/1564 and 39/1110, which comprise part of the Yundamindera Project.


The Crest IPO

Crest listed on the ASX less than a month ago, after a successful IPO which offered 17.5 million shares at A$0.20 each to raise $3.5 million.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Wed, 18 Jul 2012 13:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146357/crest-minerals-starts-gold-search-in-the-prolific-eastern-goldfields-31444.html
<![CDATA[News - Crest Minerals on the hunt for WA gold after successful IPO, prepares for first full trading day ]]> https://www.proactiveinvestors.com.au/companies/news/146356/crest-minerals-on-the-hunt-for-wa-gold-after-successful-ipo-prepares-for-first-full-trading-day-30761.html Crest Minerals (ASX: CTT) is focused on some gold rich regions of Western Australia, and today will complete its first full day of trade on the ASX after a successful IPO which offered 17.5 million shares at A$0.20 each to raise $3.5 million.

Not to be forgotten - Western Australia hosts some of the largest gold deposits in Australia, and in 2010 produced 5.9 million gold ounces, over 75% of Australia's production.

Crest has entered into agreements which will provide the company with the right to earn into a portfolio of 17 gold exploration or prospecting licences in the state.

Crest hit the ASX boards at noon last Friday, trading in a range from $0.15 to $0.19.


Majestic North

The company has entered into agreements with Western Resources and Zetek Resources to acquire up to an 80% joint venture interest in certain tenements of the Majestic North Project located in the Mount Monger area.

Drilling of the southern part of the surface geochemical anomaly defined a large area of supergene mineralisation consistently at about 36 to 40 metres below the surface.

The supergene gold mineralisation measures around 500 metres in strike and is open both to the north and south.

Further upside for the project is its potential future access to three local gold processing facilities, the closest being Integra Mining’s (ASX: IGR) Randalls - which first started producing gold in March 2011, with a targeted production rate of 100,000 ounces annually in FY13.

Gold being produced in the area highlights the prospectivity and strategic location of Crest's interests.


Mt Ida

Crest has also entered into an agreement to acquire up to an 80% joint venture interest in certain tenements of the Mt Ida Project in the highly prospective Eastern Goldfields region.

The Mt Ida project area is located in the northern part of the Mt Ida greenstone belt, which hosts number of large gold deposits, and also hosts a several gold prospects and soil anomalies.

The best known previously mined deposits occur at the Copperfield mining centre (Timoni lode system), the Bottle Creek deposits and in the northern parts of the Mt Ida mining centre (Boudie Rat and Forrest Belle deposits).


Heines Dam and Yundamindera

Crest has further agreements to earn up to a 90% joint venture interest in exploration licence 16/388, which is part of the Heines Dam Project in the Eastern Goldfields, as well as up to a 90% joint venture interest in each of the exploration licences 39/1414, 39/1564 and 39/1110, which comprise part of the Yundamindera Project.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 02 Jul 2012 08:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146356/crest-minerals-on-the-hunt-for-wa-gold-after-successful-ipo-prepares-for-first-full-trading-day-30761.html
<![CDATA[News - Crest Minerals targets Western Australia’s gold potential, admitted to the ASX ]]> https://www.proactiveinvestors.com.au/companies/news/146355/crest-minerals-targets-western-australias-gold-potential-admitted-to-the-asx--30608.html Crest Minerals (ASX: CTT) has been admitted to the official list of ASX today with plans to tap into Western Australia’s gold potential through the acquisition of a number of projects, including the Majestic North Project where a large gold anomaly in excess of 3 kilometres of strike has been defined.

The company will begin trading on Friday 29 June 2012 with around 21.6 million shares on issue following a successful IPO offering 17.5 million shares at A$0.20 each to raise $3.5 million.

Name: Crest Minerals
Proposed listing date: 29 June 2012
Proposed code: CTT
Principal activities: Exploration for gold in Western Australia
Issue price: $0.20

Western Australia hosts some of the largest gold deposits in Australia, and in 2010 produced 5.9 million gold ounces, over 75% of Australian production.

Crest has entered into agreements which will provide the company with the right to earn into a portfolio of 17 gold exploration or prospecting licences in the state.


Majestic North

The company has entered into agreements with Western Resources and Zetek Resources to acquire up to an 80% joint venture interest in certain tenements of the Majestic North Project located in the Mount Monger area.

Historical soil sampling on the Majestic North Project has defined a large gold anomaly in excess of 3 kilometres in strike.

Drilling of the southern part of the surface geochemical anomaly defined a large area of supergene mineralisation consistently at about 36 to 40 metres below the surface.

The supergene gold mineralisation measures around 500 metres in strike and is open both to the north and south.

Further upside for the project is its access to three local gold processing facilities, the closest being Randalls.


Mt Ida

Crest has also entered into an agreement to acquire up to an 80% joint venture interest in certain tenements of the Mt Ida Project in the highly prospective Eastern Goldfields region.

The Mt Ida project area is located in the northern part of the Mt Ida greenstone belt, which hosts number of large gold deposits, and also hosts a several gold prospects and soil anomalies.

The best known previously mined deposits occur at the Copperfield mining centre (Timoni lode system), the Bottle Creek deposits and in the northern parts of the Mt Ida mining centre (Boudie Rat and Forrest Belle deposits).


Heines Dam and Yundamindera

Crest has further agreements to earn up to a 90% joint venture interest in exploration licence 16/388, which is part of the Heines Dam Project in the Eastern Goldfields, as well as up to a 90% joint venture interest in each of the exploration licences 39/1414, 39/1564 and 39/1110, which comprise part of the Yundamindera Project.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 28 Jun 2012 08:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146355/crest-minerals-targets-western-australias-gold-potential-admitted-to-the-asx--30608.html
<![CDATA[News - Crest Minerals targets Eastern Goldfields gold interests, works towards ASX listing ]]> https://www.proactiveinvestors.com.au/companies/news/146354/crest-minerals-targets-eastern-goldfields-gold-interests-works-towards-asx-listing--25952.html Name: Crest Minerals
Proposed listing date: 30 April 2012
Proposed code: CTT
Principal activities: Speculative exploration and prospecting
Issue price: $0.20

Crest Minerals (ASX: CTT), a gold exploration and prospecting company, is seeking to raise A$3.5 million to support a listing on the ASX.

The company’s initial focus is on gold targets in Western Australia’s Eastern Goldfields and Mount Monger regions.

Crest has entered agreements to earn interests in a number of tenements located in the Majestic North, Mt Ida, Heines Dam and Yundamindera Project areas.

Majestic North is Crest’s flagship project, covering the northern extension of the Majestic corridor, just three kilometres from the Majestic Prospect, part of Integra Mining’s (ASX: IGR) major Randalls Gold Project.

Results from historical soil sampling and drilling at Crest’s Majestic North project indicate the presence of a gold mineralised system with potential for open pit mining.

Crest is planning to undertake prospecting work programs on its projects as it continues to search for additional projects, both in Australia and internationally.

Listing details

The company is scheduled to list on April 30, 2012, and has made an Initial Public Offering of 17.5 million shares at A$0.20 per share.

Crest has allowed for oversubscriptions of up to a further 7.5 million shares, which would raise a further A$1.5 million.

Based on full subscription to the IPO, Crest would hit the boards with 35.275 million shares on issue upon listing, while the full oversubscription amount would push this out to 42.775 million shares.

The IPO is due to close on April 5, 2012.

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Fri, 02 Mar 2012 15:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146354/crest-minerals-targets-eastern-goldfields-gold-interests-works-towards-asx-listing--25952.html