Crownia Holdings Ltd. (TSXV:CNH) announced a non-brokered private placement of up to 4,000,000 common shares at a price of CAD 0.50 per share for gross proceeds of up to CAD 2,000,000 on December 23, 2015. All securities to be issued will have a hold period of four months. The closing of the transaction is subject to approval from the TSX Venture Exchange.