TORONTO, CANADA, February 28, 2013 - Crown Gold Corporation ("Crown" or the "Company") (TSX Venture: CWM) announces the completion of a previously announced non-brokered private placement for aggregate gross proceeds of up to $130,000 comprised of 2,600,000 units at a price of $0.05 per unit (each such unit being comprised of one common share and one warrant) (the "Offering"). Each whole warrant will entitle the holder to purchase one common share for $0.10 at any time within 24 months after closing subject to an acceleration clause. All securities issued pursuant to this private placement are subject to a four (4) month hold period. Completion of the private placement is subject to receipt of all required regulatory and other approvals.
The gross proceeds from the Offering will be used for general working capital purposes.
Crown now has 93,850,000 shares outstanding.
For more information please see the Crown website at www.crowngoldcorp.com.
For Further Information Contact:
Mr. Stephen Dunn, President and CEO, Crown Gold Corporation (416) 361-2827
or email email@example.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.
This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The flow-through common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.
Leave a comment...