Tickers: XTSX:CNH, PINX:CWNHF
Tags: Mining
Vancouver, British Columbia / TheNewswire / July 18, 2016 - Crownia Holdings Ltd. (TSX-V: CNH) ("Crownia" or the "Company") is pleased to announce that it has closed a non-brokered private placement (the "Financing") raising gross proceeds of $206,750 by the issuance of 413,500 shares (each a "Share") at a price of $0.50 per Share.
The Shares issued are subject to a statutory hold period expiring November 19, 2016.
The total proceeds from the Financing will be used by the Company for general working capital purposes. No finder's fee has been paid pursuant to the Financing.
As a specialty steel trading company, Crownia provides value-add by identifying suitable suppliers for products that best suit customer needs, establishing distribution centers in optimal locations, and providing superior sales and after-sale services to customers. For more information, please contact Gilbert Chan at (604)488-8878 or email ir@crowniaholdings.com.
On behalf of the Board of Directors,
Neither 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 news release.
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