Crown Mining Proposes $100,000 Non-Brokered Private Placement
CROWN MINING PROPOSES $100,000 NON-BROKERED PRIVATE PLACEMENT
TORONTO, CANADA, September 24 , 201 8 - Crown Mining Corporation (“ Crown” or the
“Company”) (TSX Venture: CWM) announces a proposed non -brokered private placement for
aggregate gross proceeds of up to $ 100,000 comprised of up to 1,000,000 units at a price of
$0.10 per unit (each such unit being comprised of one common share and one warrant) (the
"Offering"). Each 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 subject to a four (4) month hold period. The Company proposes
to pay to eligible finders a finder’s fee equal to a cash payment o f 10% 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.
In addition, the Company announces that incentive stock options to purchase up to 925,000
common shares of the Company have been granted to various consultants , officers and directors
of the Company pursuant to the Company’s stock option plan and subject t o any regulatory
approval. Each stock option is exercisable at $0. 12 for a period of three years from the grant
date. All securities issued pursuant to this option grant will be s ubject to a four (4) month hold
period from the date of grant if exercised with the first four months from the date of grant.
About Crown Mining Corp
Crown controls approximately 15 square miles of patented and unpatented federal mining claims
in the Light’s Creek Copper District in north-east California; essentially, the entire District. The
District contains substantial copper (silver) sulfide and copper oxide resources in three deposits –
Moonlight, Superior and Engels, as well as several partially tested and untested exploration
targets.
Crown recently filed a National I nstrument 43 -101 technical report entitled “Technical Report
and Preliminary Economic Assessment for the Moonlight Deposit” dated March 2, 2018 on
Sedar. A copy is also available on the Company’s website.
The Superior and Engels Mines operated from about 1915-1930 producing 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 by Placer Amex during the 1960’s.
Mr. George Cole is the Qualified Person pursuant 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.crownminingcorp.com.
For Further Information Contact:
Mr. Stephen Dunn, President , CEO and Director, Crown Mining Corporation (416) 361-2827 or
email [email protected].
Neither the TSX Venture Exchange n or 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 wo rds
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 tho se 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 common shares will not be and have not been registered under the United States Securities Act of
1933 and may not be offered or so ld in the United States absent registration or applicable exemption from the
registration requirements.