Subject to regulatory approval, Pinecrest Resources Ltd. has granted 510,000 stock options to a director of the Company. The options are at an exercise price of $0.12 per share and valid for a period of five years from the date of grant. Edward Farrauto, CGA, President and CEO
Pinecrest Resources and Kootenay Silver report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three the Molinos Zone. Two drill holes collared on the Road Show zone were an initial test of a 500-m by 500-me [...]
Mr. Edward Farrauto, President and CEO of Pinecrest Resources is pleased to announce the beginning of a Phase 1 drilling program on the Company's Espiritu gold/silver polymetallic project, Sonora. The phase I drill program will comprise 500 m of core drilling to test two silver/gold polymetallic mineralized zones outlined during the Phase I exploration prospecting, mapping and soil sampling program. Pursuant to the terms [...]
Mr. Edward Farrauto, President and CEO of Pinecrest Resources is pleased to announce that a Phase 1 exploration program has begun on the Company's Espiritu polymetallic vein/breccia project, Sonora, Mexico. Pursuant to the terms of an option agreement with Kootenay Gold, Pinecrest can earn a 50% interest in the 10,000 ha Espiritu project by spending $1.0 million on exploration over a four year period and by issuing up to [...]
Pinecrest Resources is pleased to announce it has retained Featherstone Capital Advisorsto provide corporate development and financial advisory services. Pinecrest has agreed to pay Featherstone a retainer of $7,000 per month plus expenses per the agreement for a period of twelve months. In addition, Pinecrest has granted Featherstone 300,000 stock options exercisable at a price of $0.38 for a period of five years from [...]
Pinecrest, a capital pool company, announces an increase of its previously announced non-brokered private placement. The non-brokered private placement will be increased from 2,500,000 units to 3,500,000 Units at a purchase price of $0.22 per Unit. Each Unit will consist of one common share and one transferable common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of [...]
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