Crown Mining Corp.: Crown Mining Proposes $500,000 Non-Brokered Private Placement
Crown" or the "
Company") announces a proposed non-brokered private placement for aggregate gross proceeds of up to $500,000 comprised of up to 5,000,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one-half of one warrant) (the "
Offering"). Each whole warrant will entitle the holder to purchase one common share for $0.15 at any time within 2 years after closing subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four (4) month hold period. Completion of the Offering is subject to receipt of all required regulatory and TSX Venture Exchange approvals.