Business
Coronado Completes Skyrun Technology Corp. Acquisition and TSX Venture Exchange Listing
Coronado Completes Skyrun Technology Corp. Acquisition and TSX Venture Exchange Listing ...
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[{"type":"text","content":"\n\n\n\nCoronado Completes Skyrun Technology Corp. Acquisition and TSX Venture Exchange Listing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 28, 2019\n\n\n\nVANCOUVER, May 28, 2019 /CNW/ - Coronado Resources Ltd. announced today that the TSX Venture Exchange (\"TSX-V\") has approved Coronado's change of business as well as the acquisition of Vancouver-based Skyrun Technology Corp. and the intellectual property relating to the virtual currency platform, coincurve.com.\nCorporate Name Change \nTo reflect the transformation into the technology sector, Coronado has changed its name to Interlapse Technologies Corp. The board of directors of the Company are now John Vaccaro, David Loretto, Wayne Chen, Ashley Garnot and Giuseppe (Pino) Perone.\nTSX Venture Exchange Listing \nThe shares of Interlapse Technologies Corp. are expected to begin trading on the TSX-V on May 30, 2019. Trading Symbol: INLA. \nNon-Brokered Private Placement \nCoronado has completed a non-brokered private placement of 2,210,000 common shares at $0.50 per share for gross proceeds of $1,105,000. The common shares issued under this private placement are subject to resale restrictions for a period of four months from the closing date. The proceeds of this funding will be used to further advance the development of coincurve.com and planned international expansion.\nCapital Structure \nAfter completion of the aforementioned private placement, the Company will have 8,672,822 shares issued and outstanding.\nExecutive Team\nInterlapse welcomes incoming executives Wayne Chen, Chief Executive Officer, and Rod Hsu, Chief Operating Officer. They are the founders of Skyrun Technology Corp. and have extensive experience in operating technology, specialized payments and virtual currency platforms. The executive team of the Company is as follows: \nWayne Chen - Chief Executive Officer Rod Hsu - Chief Operating Officer Giuseppe (Pino) Perone - President Barry MacNeil - Chief Financial Officer Ashley Garnot - Corporate Development Stephanie Yoneda - ControllerNeither TSX-V...