Crowne Ventures to Reduce Number of Authorized Shares
August 22 2011 - 6:41PM
Marketwired
CROWNE VENTURES, INC. (PINKSHEETS: CRWV) is pleased to announce
that its Board of Directors and Stockholders have approved an
Amendment to the Articles of Incorporation to reduce the number of
authorized shares in the Company from 1,000,000,000 to 550,000,000,
with 500,000,000 common shares authorized, and 50,000,000 preferred
shares authorized.
In addition, the Company has announced the launch of its new
website, www.crownmining.com. Each of these actions is in keeping
with the Company's strategic plans and goals to become a major gold
producer.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words or phrases "would be," "would allow," "intends to," "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
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For Further Information Contact: Investor Relations Crowne
Ventures, Inc. 310.461.3703 Email Contact