Tuesday, August 8, 2017

Colorado Resources Ltd - CXO.v

Colorado Resources Ltd - CXO.v is advancing the KSP property optioned from SnipGold, located 15 km's along strike to the southeast of the past producing Snip Mine; and the 100% owned North ROK property, located 15 km's northwest of the Red Chris mine development.

On August 4, 2017 the company released News

COLORADO RESOURCES LTD. (TSX-V: CXO) is pleased to announce it will complete non-flow through and flow-through non-brokered private placements (the “Placements”) that will include up to 10,000,000 units (the “Units”) at an issue price of $0.26 per Unit and 12,720,000 flow-through units (the “FT Units”) at an issue price of $0.365 per FT Unit. Following completion of the Placements Colorado expects to raise up to $7,242,800.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one half of one non-transferable Common Share purchase warrant. Each whole warrant (a "Warrant"), will entitle the holder thereof to acquire an additional Common Share at an exercise price of $0.45 for 30 months after the date of issuance (the “Closing Date”).