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Crescent and Coventry Complete Business Combination

Crescent Resources Corp.(CRC.V) has completed a business combination with Coventry Resources Limited (CYY.V) as previously announced in the Company’s press releases dated September 10, 2012 and October 11, 2012. The Transaction took the form of a share exchange resulting in Coventry becoming a wholly-owned subsidiary of the Company.

Immediately prior to the completion of the Transaction, the Company completed a consolidation of its common shares on a 5:1 basis, in which five old Company shares were exchanged for one new Company share.

Concurrent with the closing of the Transaction, the Company also converted 15,186,000 subscription receipts into 3,037,200 post-Consolidation shares that were issued to investors and finders under the Company’s non-brokered private placement that previously closed on October 11, 2012. These shares are subject to a hold period expiring on February 12, 2013. The gross proceeds of the Financing totaling $750,000 have now been released to the Company from escrow.

Coventry is now trading at 40 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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