OREANDA-NEWS. Crown Point Energy Inc. ("Crown Point" or the "Company") announced that it is filing on SEDAR and is mailing a Letter to Shareholders and Management Information Circular for the Shareholder Meeting (the "Meeting") scheduled for February 24, 2015.

In the documents, Crown Point presents compelling reasons for its shareholders to vote the white proxy and approve the USD 8.5 million second tranche private placement of shares (the "Second Tranche") with two strategic investors, and vote against the attempt by dissident LAIG Oil Investments ("LAIG") to take control of the Board of Directors and the Company.

"The February 24 vote is critical to Crown Point's future. Shareholders need to act now to protect their investment and prevent a disingenuous dissident from taking control of Crown Point. We are asking shareholders to vote the white proxy and give the green light to growth, investment and experience and to halt LAIG's opportunistic plans," said Crown Point Chairman, Gordon Kettleson.

"In the course of preparing for the Shareholder Meeting, we have uncovered many troubling facts that suggest to us that LAIG may not be all that it purports to be. We urge shareholders to read the meeting materials in full to understand LAIG's shortcomings, its self-serving financing plans and the risks it presents to Crown Point. Help us stop LAIG and protect Crown Point's bright future by voting the white proxy against the dissidents and for the Second Tranche."