Crownia Holdings Ltd. (TSXV:CNH announced a non-brokered private placement of up to 3,400,000 units at CAD 0.12 per unit for gross proceeds of CAD 408,000 on February 8, 2017. Each unit comprises of one common share and one share purchase warrant. Each warrant is exercisable into one share at CAD 0.15 for a period of five years. The transaction is subject to acceptance approval of the TSX Venture Exchange. The securities issued will be subject to a hold period of four months.