TSX-V: CXO
VANCOUVER, Sept. 6, 2019 /CNW/ - Colorado Resources
Ltd. (TSX.V: CXO) ("Colorado" or the
"Company") reports that the Board of Directors granted
8,350,000 incentive stock options to directors, officers and
consultants of the Company, subject to TSX Venture Exchange
acceptance. The options will have a term of 5 years, expiring on
September 05, 2024, and vest over a
24-month period. Each option will allow the holder to purchase one
common share in the Company at a price of $0.12. Any shares issued on the exercise of these
stock options will be subject to a four month hold period from the
date of grant.
About Colorado
Colorado Resources Ltd. is currently engaged in the business of
mineral exploration for the purpose of acquiring and advancing
mineral properties located in the "Golden Triangle and the
Toodoggone area" of British
Columbia. Colorado's main
exploration projects include Castle, KSP, North ROK, Kingpin, Heart
Peaks and Sofia.
On behalf of the Board of Directors of Colorado Resources
Ltd.
"Joseph Mullin"
Joseph Mullin
Chief Executive Officer
Cautionary note regarding forward-looking
statements
All statements, trend analysis and other
information contained in this press release about anticipated
future events or results constitute forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or
result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. All statements, other than
statements of historical fact, included herein, including, without
limitation, are forward-looking statements. Although Colorado (the "Company") believe that the
expectations reflected in such forward-looking statements and/or
information are reasonable, undue reliance should not be placed on
forward-looking statements since the Company can give no assurance
that such expectations will prove to be correct. These statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements, including the
risks, uncertainties and other factors identified in the Companies'
periodic filings with Canadian securities regulators. Important
factors that could cause actual results to differ materially from
Colorado expectations include
risks associated with the business of Colorado; risks related to exploration and
potential development of Colorado's projects; business and economic
conditions in the mining industry generally; fluctuations in
commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology,
continuity and grade of mineral deposits; the need for cooperation
of government agencies and native groups in the exploration and
development of properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and
additional risks identified in Colorado's filings with Canadian securities
regulators on SEDAR in Canada
(available at www.sedar.com). Forward-looking statements are based
on estimates and opinions of management at the date the statements
are made. Colorado does not
undertake any obligation to update forward-looking statements
except as required by applicable securities laws. Investors should
not place undue reliance on forward-looking statements.
SOURCE Colorado Resources Ltd.