Coronado Announces Update on Acquisition of Opunake Hydro Limited

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[{"type":"text","content":"\n\n\nVANCOUVER, Aug. 21, 2013 /CNW/ - Coronado Resources Ltd. (TSX-V: CRD) and (OTCQX: CRDAF) (\"Coronado\") is pleased to provide an update on Coronado's proposed\n change of business acquisition of all of the outstanding common shares\n of Opunake Hydro Limited from TAG Oil Ltd. and Opunake Hydro Holdings\n Limited in exchange for common shares of Coronado (the \"OHL\n Acquisition\"), which was announced on May 14, 2013.  Coronado received\n conditional acceptance from the TSX Venture Exchange in respect of the\n OHL Acquisition on August 16, 2013.\n\n\nAs the OHL Acquisition is subject to the approval of the shareholders of\n Coronado, the meeting of the shareholders of Coronado will take place\n on August 29, 2013. Further information about the OHL Acquisition and\n the shareholders' meeting can be found in the notice of meeting and\n information circular filed by Coronado and available for viewing on www.sedar.com.\n\n\nCoronado is in the process of applying for the requisite regulatory\n approval in New Zealand and the transaction remains subject to the\n final approval of the TSX Venture Exchange.  Coronado expects that the\n OHL Acquisition will be completed during the third calendar quarter of\n 2013.\n\n\nCompletion of the OHL Transaction is subject to a number of conditions,\n including acceptance from the TSX Venture Exchange and disinterested\n shareholder approval. The OHL Acquisition cannot close until the\n required shareholder approval is obtained. There can be no assurance\n that the OHL Acquisition will be completed as proposed or at all. \n\n\nThe TSX Venture Exchange has in no way passed upon the merits of the\n proposed OHL Acquisition and has neither approved nor disapproved the\n contents of this press release.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nCautionary Note Regarding Forward-Looking Statements:\n\n\nStatements contained in this news release that are not historical facts\n are forward-looking statements that involve various risks and\n uncertainty affecting the business of Coronado. Such statements can\n generally, but not always, be identified by words such as \"expects\",\n \"plans\", \"anticipates\", \"inten...

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