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Press Release - MINING COM
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Crown Mining Corp : Crown Mining Announces AGM Results and Name Change to US Copper Corp
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Toronto, Ontario (Newsfile Corp. - February 16, 2021) - Crown Mining Corporation (TSXV: CWM ) (FSE: Crown or the Company ) is pleased to announce it has signed a drilling contract with Timberline Drilling Inc. to drill a minimum of 6,000 feet at the Superior and Engels deposits, both part of Crown s Moonlight-Superior Copper Project in Plumas County, California. Drilling is scheduled to start in May 2021 pending Covid-19 restrictions and will include up to 7 holes at the Superior and Engels deposits. At Superior , Crown is twinning four strategic historical drill holes, all located within the defined inferred resource, in order to: Verify historic copper assays;
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.
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