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BRIEF-Pinecrest announces $1,501,500 private placement

March 20 Pinecrest Resources Ltd:

* Pinecrest announces $1,501,500 private placement

* Pinecrest Resources Ltd - intends to conduct a non-brokered private placement of up to 7.15 million common shares of co at a price of $0.21 per share

* Pinecrest Resources Ltd -proceeds of private placement will be used to advance exploration and development of co's 100% owned Enchi gold project in Ghana Source text for Eikon: Further company coverage:

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