Colorado Announces Warrant Extension
December 13 2017 - 5:05PM
COLORADO RESOURCES LTD. (TSX-V:CXO) ("Colorado" or
the "Company") proposes to extend the expiry dates of 1,900,000
outstanding share purchase warrants (the "Warrants") that were
issued pursuant to a private placement completed in December
2016. Each Warrant entitles the holder to purchase one common
share in the capital of the Company at a price of $0.40 per share
for a period of 12 months from the date of issuance which expires
on December 29, 2017. Subject to TSX Venture Exchange approval, the
expiration of these Warrants will be extended to December 29, 2018.
All other terms of the Warrants will remain the same.
About ColoradoColorado
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” British Columbia and
holds approximately 1,200km2 of mineral claims in the Golden
Triangle. The Company’s main exploration projects within
British Columbia include KSP and North ROK.
Additionally the Company holds an option to acquire a 100% interest
in the Greensprings project located in Nevada
ON BEHALF OF THE BOARD OF DIRECTORS
OFCOLORADO RESOURCES LTD.“Adam
Travis”Adam TravisPresident and Chief Executive Officer
For more information, please
contact:Colorado Resources Ltd.Adam Travis, President and
CEO
T: (250) 768-1511F: (250) 768-0849TF (855) 768-1511W:
www.coloradoresources.comNR 17-22
Cautionary Note Regarding
Forward-Looking StatementsCertain statements contained in
this news release, constitute "forward-looking information" as such
term is used in applicable Canadian securities laws.
Forward-looking information is based on plans, expectations and
estimates of management at the date the information is provided and
is subject to certain factors and assumptions, including: that the
Company's financial condition and development plans do not change
as a result of unforeseen events, that the Company obtains required
regulatory approvals, that the Company continues to maintain a good
relationship with the local project communities. Forward-looking
information is subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results
to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking
information in this news release to change or to be inaccurate
include, but are not limited to, the risk that any of the
assumptions referred to prove not to be valid or reliable, which
could result in delays, or cessation in planned work, that the
Company's financial condition and development plans change, delays
in regulatory approval, risks associated with the interpretation of
data, the geology, grade and continuity of mineral deposits, the
possibility that results will not be consistent with the Company's
expectations, as well as the other risks and uncertainties
applicable to mineral exploration and development activities and to
the Company as set forth in the Company's Management’s Discussion
and Analysis reports filed under the Company's profile at
www.sedar.com. There can be no assurance that any forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader should not place any undue
reliance on forward-looking information or statements. The Company
undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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