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Crown Mining Corporation (TSXV:CWM) has announced a non-brokered private placement

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The company plans to raise $120,000 through the issuance of 2 million units at a price of $0.06 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.15 for 3 years.

Additional Information:

Company: Crown Mining Corp
Website: http://www.crowngoldcorp.com/
Stock Symbol: TSXV:CWM
Date Published: Feb 4, 2016
Transcript: Available

Video Transcript:

I’m Tia Borden for InvestmentPitch Media

Crown Mining Corporation (TSXV:CWM) has announced a non-brokered private placement.

The company plans to raise $120,000 through the issuance of 2 million units at a price of $0.06 per unit, with each unit consisting of 1 share and 1 warrant, with the warrant exercisable at $0.15 for 3 years.

The company reserves the right to increase or decrease the size of the offering.

The company will use the proceeds for work at its 100% controlled Superior Copper Project in northeast California and for general working capital purposes.

The Superior Project has an inferred mineral resource of 57 million metric tonnes at an average grade of 0.43% with 547 million pounds of contained copper in 2 deposits.

The property is located within 7 miles of State Highway 89, with a paved road to the property.

It also has water on the property and power lines within 2 miles.

The project offers the potential for a sizeable increase in the resource and the potential to increase the land package.

More information of this resource can be found in the Technical Report filed on Sedar.

Crown Mining is trading at $0.06 and with 15.4 million shares outstanding, the company is capitalized at $900,000.

For more information, please visit the company’s website www.crowngoldcorp.com, or contact Stephen Dunn, President & CEO, at 416-361-2827 or by email at info@crowngoldcorp.com.

I’m Tia Borden for InvestmentPitch Media