(TheNewswire)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / July 19,
2018 – Crownia Holdings Ltd. (TSX-V: CNH; OTCQB: CWNHF) (“Crownia” or the “Company”) is pleased to announce that the Company has
closed the non-brokered private placement announced on June 15, 2018 (the “Offering”). The Company issued 2,550,000 units (each a
“Unit”) at a price of $0.10 per Unit for gross proceeds of $255,000. Each Unit consist of one common share (a “Share”) of the
Company and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire
one common share (a “Warrant Share”) of the Company until the date which is two years from the closing date at a price of $0.13 per
Warrant Share.
The securities issued pursuant to the Offering are subject to a statutory hold period expiring
November 20, 2018.
The net proceeds from the Offering will be used by the Company for corporate purposes and general working capital.
The Company is also pleased to announce that Mr. Bernard (Vincent) Shiu has been appointed as the general
manager and director of Jinsili (Hong Kong) International Steel Holdings Co., Ltd. (“JSL HK”), which JSL HK is one of the
wholly-owned subsidiaries of the Company.
Mr. Shiu has spent many years working in communication and information technology solution industries and has
been involved with a number of media industry and economic and trade development associations. In the last ten years, he has also
served in various capacities as senior officer and director for other private companies in the same industry in Hong Kong. Mr. Shiu
holds both an honorable degree in social science and geography and a master degree in social science, communication and media
studies from the Chinese University of Hong Kong.
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 centers in optimal locations, and providing superior sales and after-sale
services to customers.
On behalf of the Board of Directors,
Crownia Holdings Ltd.
Xizhou Tong”
Xizhou Tong
Chairman and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
X izhou Tong – Chairman and CEO
1-604-688-9588
xizhou.tong@crowniaholdings.com
Neither 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 news release.
Forward-looking information
This press release may contain “forward-looking information” within the meaning of applicable
Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”
“expects” or “does not expect”, “proposed”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain
actions, events or results may, could, would, or might occur or be achieved. This forward-looking information in respect of the
Company reflects the Company’s as the case may be, current beliefs and is based on information currently available to the Company
and on assumptions the Company as the case may be, believes are reasonable.
3. F orward-looking information
is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking
information. Although the Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information as there can be no
assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered
reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary
statement.
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