Crown Point Energy Inc. - 2014-12-22

Amended terms of private placement of common shares to investors Liminar Energia SA and GORC SA. Closed financing’s first tranche on Dec. 19, 2014. Proceeds from tranche totaled about US$6.5 million. Agreement will be completed with one more tranche. Number of common shares issued increased to 60 million. Price per share reduced to US25 cents. Proceeds will support operations in Argentina.