Crowne Ventures To Reduce Number Of Authorized Shares

Gold mining and exploration growth stock company, Crowne Ventures, Inc. (Stock Symbol: CRWV), has announced that its Board of Directors and Stockholders have approved an Amendment to the Articles of Incorporation to reduce the number of authorized shares in the Company from 1,000,000,000 to 550,000,000, with 500,000,000 common shares authorized, and 50,000,000 preferred shares authorized.

In addition, the Company has announced the launch of its new website: http://www.CrowneMining.com.

Each of these actions is in keeping with the Company’s strategic plans and goals to become a major gold producer.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to", "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

Crowne Ventures Inc (CROWNE) is a mining company engaged in the exploration, development, mining, and processing of precious metals. The Company has focused these efforts in the Tecuala Mining area in the State of Nayarit, Mexico.

Crowne’s vision and mission for the development of mining operations is to partner with well established local companies to acquire and develop known and proven reserves of existing ore bodies. The Company will engage in smaller capital cost mining projects and develop income generating mineral production. In doing so, the Company will engage in environmentally friendly and sustainable operations adopting the best mining practices.

Crowne Ventures, Inc.
Ron Lindsay
(310) 461 -3703
info@crownemining.com
1030 West Charleston, Suite 325
Las Vegas Nevada 89135
http://www.CrowneMining.com

This release was published on openPR.