Creston Moly Corp. (TSX VENTURE:CMS) announced that due to the demand of the non-brokered private placement announced on July 6, 2010, the Company has increased the financing to a total of $3,735,900.

The press release is quoted as saying:

The Private Placement will close in two tranches with the first tranche closing July 28, 2010 first for gross proceeds of $3,687,300 by the issuance of 20,485,000 common shares at a price of $0.18 per share. The second tranche which consists of $48,600 by the issuance of 270,000 common shares at a price of $0.18 per share is expected to close within two weeks.

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