Crow­nia ar­ranges $5-mil­lion pri­vate place­ment

Stockwatch Daily - - MINES & METALS - Mr. Xizhou Tong re­ports

CROW­NIA HOLD­INGS Ltd. in­tends to ar­range a non-bro­kered pri­vate place­ment to raise up to $5-mil­lion through the is­suance of up to 25 mil­lion units at a price of 20 cents per unit for work­ing cap­i­tal pur­poses. Each unit will con­sist of one com­mon share and one-half of one trans­fer­able share pur­chase war­rant, and each whole war­rant will en­ti­tle the reg­is­tered holder thereof to pur­chase one ad­di­tional com­mon share of the com­pany at a price of 35 cents per share for a pe­riod of three years from the clos­ing date. All se­cu­ri­ties is­sued pur­suant to the fi­nanc­ing will be sub­ject to a four-month hold pe­riod from the date of is­suance.

The net pro­ceeds from the fi­nanc­ing will be used by the com­pany for cor­po­rate pur­poses and gen­eral work­ing cap­i­tal.

The clos­ing or com­ple­tion of the fi­nanc­ing is sub­ject to a num­ber of con­di­tions, in­clud­ing, with­out lim­i­ta­tion, re­ceipt of all reg­u­la­tory ap­provals, in­clud­ing ap­proval of the TSX Ven­ture Ex­change.

About Crow­nia Hold­ings Ltd.

As a spe­cialty steel trad­ing com­pany, Crow­nia pro­vides value-add by iden­ti­fy­ing suit­able sup­pli­ers for prod­ucts that best suit cus­tomer needs, es­tab­lish­ing dis­tri­bu­tion cen­tres in op­ti­mal lo­ca­tions and pro­vid­ing su­pe­rior sales and af­ter-sale ser­vices to

cus­tomers.

We seek Safe Har­bor.

Savio Chiu, Shan­hai Cong, Ian Mark Mall­mann, Xizhou Tong, Yuan­jian Zong

(CNH) Shares: 53,534,413

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