Crown Minerals Inc.
TSX VENTURE : CWM

March 26, 2010 16:07 ET

Crown Announces a Proposed Shares for Debt Placement

TORONTO, ONTARIO--(Marketwire - March 26, 2010) - Crown Minerals Inc. (TSX VENTURE:CWM) (the "Corporation") is pleased to announce a proposed shares-for-debt private placement to issue up to 180,000 common shares ("Common Shares") at a proposed price of $0.16 per share (the "Offering"). The issuance of the Common Shares under the Offering is being completed pursuant to agreements made by the Corporation with certain consultants of the Corporation and is conditional on TSX Venture Exchange ("TSXV") approval (including the TSXV's approval of the proposed price of $0.16 and the other terms of the Offering). No bonus, finder's fee or commission is being paid in connection with these transactions. All securities to be issued pursuant to these arrangements will be subject to a four (4) month hold period. The Corporation will use these arrangements to reduce accounts payable and improve its working capital position by up to $28,800.

Crown is exploring for gold and base metals in both Ontario and Nevada. For more information please see the Crown website at www.crownmin.com.

This release was prepared by management of the Company who take full responsibility for its contents.

The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Crown Minerals Inc.
    Mr. Stephen Dunn
    President and CEO
    (416) 822-3343
    www.crownmin.com