12:19:21 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Crown Mining Corp
Symbol CWM
Shares Issued 40,229,627
Close 2018-12-13 C$ 0.105
Market Cap C$ 4,224,111
Recent Sedar Documents

Crown Mining arranges $100,000 private placement

2018-12-14 16:08 ET - News Release

Mr. Stephen Dunn reports

CROWN MINING PROPOSES $100,000 NON-BROKERED PRIVATE PLACEMENT

Crown Mining Corp. has arranged a non-brokered private placement for aggregate gross proceeds of up to $100,000 with up to one million units at a price of 10 cents per unit (each such unit comprising one common share and one warrant). Each warrant will entitle the holder to purchase one common share for 16 cents at any time within two years after closing, subject to an acceleration clause. All securities issued pursuant to this private placement will be subject to a four-month hold period. The company proposes to pay to eligible finders a finder's fee equal to a cash payment of 10 per cent of the gross proceeds raised. Completion of the offering is subject to receipt of all required regulatory and TSX Venture Exchange approvals.

The company intends to use the proceeds of the private placement for general working capital purposes.

About Crown Mining Corp.

Crown Mining controls approximately 15 square miles of patented and unpatented federal mining claims in the Light's Creek copper district in Plumas county, northeast California, essentially, the entire district. The district contains substantial copper (silver) sulphide and copper oxide resources in three deposits: Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.

We seek Safe Harbor.

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