Coronado Provides Corporate Update

About this update from Lqwd Technologies Corp

[{"type":"text","content":"\n\n\n\nCoronado Provides Corporate Update\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, April 29, 2019\n\n\n\nVANCOUVER, April 29, 2019 /CNW/ - Coronado Resources Ltd. (NEX: CRD.H) advises that further to its press release dated February 27, 2019, the Company has (subject to regulatory approval) completed a non-brokered private placement of 2,210,000 shares at C$0.50 per share for gross proceeds of $1,105,000. The common shares issued under this private placement will be subject to resale restrictions for a period of four months from the closing date.\nThe proceeds from the private placement, together with existing working capital, will be used to advance the development of Coronado's technology business.\nTrading in Coronado's shares will remain halted pending final approval by the TSX Venture Exchange to formally close Coronado's acquisition of Skyrun Technology Corp. as announced on August 28, 2018, along with the private placement and name change to Interlapse Technologies Corp.\nCompletion of the private placement is subject to several conditions, including TSX-V final acceptance. There can be no assurance that the private placement will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the private placement may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the Offering and has neither approved the private placement nor disapproved the contents of this press release.\nNeither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.\nCautionary Note Regarding Forward-Looking Statements:\nStatements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be ident...

More updates from Lqwd Technologies Corp