Mr. Giuseppe Perone reports
CORONADO ANNOUNCES PRIVATE PLACEMENT
Coronado Resources Ltd. has arranged a non-brokered private placement of up to 1,333,333 units at a price of 37.5 cents per unit to raise gross proceeds of up to $500,000. Each unit comprises
one common share and one common share purchase warrant. Each warrant entitles the
holder to purchase an additional common share of the company at a price of 50 cents per share for a period
of two years from the date of closing. There will not be a finder's fee payable and all securities issued will
be subject to a four-month hold period commencing from closing. The private placement is subject to the
approval of the TSX Venture Exchange.
Coronado intends to use the net proceeds from this private placement to assess potential acquisition
opportunities in various industries.
We seek Safe Harbor.
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