TORONTO, ONTARIO--(Marketwire - July 26, 2012) - 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.