Crown Gold Reports on the 2012 Annual Meeting Results
July 26 2012 - 4:15PM
Marketwired
Crown Gold Corporation ("Crown" or the "Company") (TSX VENTURE:CWM)
announces that its shareholders have approved all resolutions put
before them by management at the annual general meeting held today,
July 26, 2012. The approved resolutions included the election of
the three director nominees, the re-appointment of the auditor, the
ratification of the Corporation's stock option plan, the sale of
the company's Monte Cristo property to a subsidiary of Hecla Mining
Company, and the distribution of $US 3,650,000, and potentially
more, to all shareholders as of a record date to be determined by
the board of directors once the Monte Cristo sale has been closed.
Closing of the Monte Cristo sale is expected in the third quarter
of 2012.
For more information please see the Crown website at
www.crowngoldcorp.com.
This press release contains forward-looking statements within
the meaning of applicable Canadian and U.S. securities laws and
regulations, including statements regarding the future activities
of the Company. Forward-looking statements reflect the current
beliefs and expectations of management and are identified by the
use of words including "will", "anticipates", "expected to",
"plans", "planned" and other similar words. Actual results may
differ significantly. The achievement of the results expressed in
forward-looking statements is subject to a number of risks,
including those described in the Company's management discussion
and analysis as filed with the Canadian securities regulatory
authorities which are available at www.sedar.com. Investors are
cautioned not to place undue reliance upon forward-looking
statements.
Neither the 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 press release.
Contacts: Crown Gold Corporation Mr. Stephen Dunn President and
CEO (416) 361-2827info@crowngoldcorp.com