Crown Mining Announces Agm Results and NAME Change to US Copper Corp
CROWN MINING ANNOUNCES AGM RESULTS AND NAME CHANGE TO US
COPPER CORP
TORONTO, CANADA, March 29, 2021 – Crown Mining Corporation (“ Crown” or the
“Company”) (TSX Venture: CWM) (Frankfur t: C73) announces that at the Co mpany’s Annual
General and Special Meeting of Shareholders (“ AGSM”), held on March 29, 2021, shareholders
approved a special resolution to change the name of the Company to US Copper Corp. A total of
18,556,471 common shares were represented in person or by proxy at the AGSM, representing
20.05% of the votes attached to all outstanding common shares o f the Company as at the record
date. All the matters submitted to the shareholders, as set ou t in the Notice of Meeting and
Information Circular dated February 22, 2021, were voted in fav our, including fixing the size of
the Board of the Company to six, the ratification of the Compan y's 10% rolling stock option plan
and the appointment of A Chan & Company LLP, Chartered Professi onal Accountants, as the
auditors of the Company for the ensuing year.
Messrs. Dunn, Vydra, Morrow, Cole, and Fairbairn were re-electe d to serve as directors of the
Company. Norm Yurik was also elected to act as a new director of the Company, replacing Stephen
Hughes who did not stand for re-election. The detailed results of the vote are set out below:
Nominee Outcome of Vote Voted Voted (%)
Stephen Dunn Approved For: 17,716,698
Withhold: 317,781
98.2%
1.8%
Martin Vydra Approved For: 17,716,698
Withhold: 317,781
98.2%
1.8%
Rich Morrow Approved For: 17,711,728
Withhold: 322,751
98.2%
1.8%
George Cole Approved For: 17,716,698
Withhold: 317,781
98.2%
1.8%
James Fairbairn Approved For: 17,716,682
Withhold: 317,797
98.2%
1.8%
Norm Yurik Approved For: 17,716,682
Withhold: 317,797
98.2%
1.8%
Mr Yurik is a CPA and recently retired tax partner at Deloitte LLP. While at Deloitte LLP, he led
the Merger and Acquisition Group in British Columbia, and was responsible for tax planning with
both public companies and high net worth individuals.
"We are very pleased to welcome Mr. Yurik to the Crown team." commented Mr. Dunn, President,
CEO of Crown. “Norm’s extensive knowledge in tax, mergers and a cquisitions and corporate
governance will greatly assist Crown as we move the company for ward. I would also like to
sincerely thank Mr Hughes for his contribution and service as a Director. Personally, and on behalf
of the Board of Directors, I wish him all the best in his future endeavours.”
With the shareholders approving the special resolution to change the name of the Company to US
Copper Corp, the Company will now seek the necessary regulatory approvals to complete this
name and symbol change and expect s the process to be completed in the next few weeks. Our
shares will continue to trade under our existing ticker symbols on the TSX Venture Exchange until
the US Copper Corp ticker symbol "USCU" becomes effective. The Company will continue to
update its shareholders as the name and ticker symbol change progresses.
About Crown Mining Corp.
Crown controls approximately 15 square miles of patented and un patented federal mining claims
in the Light’s Creek Copper District in Plumas County, NE Calif ornia; essentially, the entire
District. The District contains substantial copper (silver) su lfide and copper oxide resources in
three deposits – Moonlight, Superior and Engels, as well as sev eral partially tested and untested
exploration targets.
The Superior and Engels Mines operated from about 1915-1930 pro ducing over 161 million
pounds of copper from over 4 million tons of rock containing 2. 2% copper with silver and gold
credits.
The Moonlight Deposit was discovered and drilled by Placer Amex during the 1960’s. Details of
the resources on Crown’s property and the parameters used to ca lculate them can be found in the
"Technical Report and Preliminary Economic Assessment for the Moonlight Deposit, Moonlight-
Superior Copper Project, California, USA" dated April 12, 2018 on both the company’s website at
www.crownminingcorp.com or on www.sedar.com under the Crown Mining Corp profile.
Mr. George Cole is the Qualified Person pursuant to NI 43-101 r esponsible for the technical
information contained in this news release, and he has reviewed and approved this news release.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, Crown Mining Cor poration (416) 361-2827 or
email [email protected].
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 th e 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”, “hopes”, “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 manag ement 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.