Uncategorized

Crest Resources Appoints Jonas Lauren Norr to the Board of Directors and Acquires Key Investments

Crest Resources today announced the signing of a memorandum of understanding with the government of N’Degui to work together on a long-term commitment project in N’Degui. Crest also announced that it has successfully closed on an investment round led by Kairos Ventures and Bernard Capital Partners.

 

MOU with Ethos Real Assets

The crest is accelerating its investments in Ethos’ real estate to accelerate growth and investment further. Crest Ventures has signed an agreement with the government of N’Degui that will grant it a minority stake in the construction of the N’Degui East Project. The project’s capital is raised by a $100 million bond issue, backed by 70% real estate assets approved by the N’Degui Investment Board and 10% natural resources such as gold.

 

Board Appointment of Jonas Lauren Norr

Crest Ventures is proud to announce that Jonas Lauren Norr has been appointed to the board of directors. Mr. Norr has over 30 years of experience in the international real estate industry. He has been a widely respected industry leader and investor who has built real estate companies in several countries, including the United States, Canada, France, and Mexico.

 

Acquisition of Key Investments

Crest acquired a majority stake in Lifetime, a transport service provider for the old age and disabled populations. Lifetime operates in several Middle East countries and will be instrumental in developing the medical tourism aspect of the project. Crest has also completed the acquisition of a significant stake in Buenas Vibra, an international investment group dedicated to creating positive social impact through the pursuit of commercial interests.

 

Sale of Investment in Mariner Resources Corp.

Crest and Bernard Capital Partners have completed their investment in Mariner Resources Corp., a Calgary-based gold and copper producer.

 

Crest Resources Announces Exploration Program in OML 120 Presented Project

Crest Resources has selected two companies to conduct exploration programs on its N’Degui East Project in N’Degui, a Democratic Republic of Congo district. Crest has approved an exploration program for both companies to undertake on the project and will retain a stake in each exploration program. The programs are expected to commence in October 2008, with final results from both companies expected by June 2009.

 

About Ethos Real Assets

Ethos Real Assets is an international investment firm focused on real estate and non-physical assets. The Company invests in fund houses and individual companies with experience in the real estate, financial services, and commodities sectors.

 

About Crest Resources Inc.

Crest Resources Inc. is a Canadian mineral resource company focused on gold and other precious metals. The Company holds interests in several mining properties in Africa and the Americas. The crest actively explores gold and rare metals at its Dolomite Project in N’Degui, Democratic Republic of Congo.

 

Crest Resources Announces Exploration Program in OML 120 Presented Project

Crest Resources has selected two companies to conduct exploration programs on its N’Degui East Project in N’Degui, a Democratic Republic of Congo district. Crest has approved an exploration program for both companies to undertake on the project and will retain a stake in each exploration program. The programs are expected to commence in October 2008, with final results from both companies expected by June 2009.