Crown Mining Proposed $300,000 Non-Brokered Private Placement
CROWN MINING PROPOSED $300,000 NON-BROKERED PRIVATE PLACEMENT
TORONTO, CANADA, January 31, 2017 - Crown Mining Corporation (“ Crown” or the
“Company”) (TSX Venture: CWM) announces a pr oposed non-brokered private placement for
aggregate gross proceeds of up to $300,000 comp rised of up to 3,000,000 units at a price of
$0.10 per unit (each such unit be ing comprised of one common share and one warrant) (the
"Offering"). Each whole warrant will entitle the holder to purchase one common share for $0.20
at any time within 2 years after closing subject to an acceleration clause. All securities issued
pursuant to this private placement will be subjec t to a four (4) month hold period. The Company
proposes to pay to eligible finde rs a finder’s fee equal to 10% of the gross proceeds raised. The
Company also reserves the right to increase or decrease the size of the Offering.
Completion of the Offering is subject to rece ipt of all required regul atory and TSX Venture
Exchange approvals. The Company will use the proceeds of the Private Placement for
exploration and development work at its Moon light-Superior Copper Project and for general
working capital purposes.
Crown is focused on advancing its 100% contro lled Moonlight-Superio r Copper Project in
Northeast California which incl udes 4 known copper deposits. The Moonlight deposit hosts a
current National Instrument 43-101 (“NI 43-101”) indicated re source of approximately 161
million tons (146.5 million tonnes) averaging 0.324% copper, 0.003 ounces of gold and 0.112
ounces of silver per ton for 1.044 billion pounds of copper, and an inferred resource of 88 million
tons (80 million tonnes) averaging 0.282% copp er per ton for 496 mill ion pounds of copper.
Further details of this resour ce can be found in the Technical Report on the Moonlight Copper
Property dated April 12, 2007 at Sedar.com. The S uperior and Engels deposits have a current NI
43-101 inferred mineral resource of 57 million metric tonnes at an average copper grade of
0.43% for 547 million pounds of copper. Further deta ils of this resource can be found in the
Technical Report on the Superior Project dated November 7, 2014 filed on Sedar which also
discloses a historical resource estimate for the fourth deposit.
Mr. George Cole is the Qualified Person pursu ant to NI 43-101 responsible for the technical
information contained in this news release, and he has reviewed and approved this news release.
For more information please see the Crown website at www.crowngoldcorp.com.
For Further Information Contact:
Mr. Stephen Dunn, President, CE O and Director, Crown Mining Corporation (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 the future activities of the Company. Forward-
looking statements reflect the current beliefs and expectat ions of management and are identified by the use of words
including “will”, “anticipates”, “expected to”, “plans”, “p lanned” 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.
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.