Crown Gold Corporation (TSXV:CWM) announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 on January 14, 2013. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share for CAD 0.10 at any time within two years after closing subject to an acceleration clause.

The securities to be issued are subject to a hold period of four months from closing.