Coronado Updates Skyrun Technology Corp. Acquisition

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[{"type":"text","content":"\n\n\n\nCoronado Updates Skyrun Technology Corp. Acquisition\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, March 11, 2019\n\n\n\nVANCOUVER, March 11, 2019 /CNW/ - Coronado Resources Ltd. (NEX: CRD.H) announced today that the Company will increase its loan to Skyrun Technology Corp. (\"Skyrun\") by $80,000 in support of the Company's acquisition announced August 28, 2018 to acquire Skyrun. The loan increase will be secured and bear interest at the business prime rate quoted from time to time by the Bank of Canada plus 2%. The loan will mature on the first anniversary from the date the monies are advanced and may be repaid in advance without bonus or penalty. \nTrading in Coronado's shares will remain halted pending closing of the Skyrun acquisition and final approval by the TSX Venture Exchange. \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 identified by words such as \"expects\", \"plans\", \"anticipates\", \"intends\", \"estimates\", \"forecasts\", \"schedules\", \"prepares\", \"potential\" and similar expressions, or that events or conditions \"will\", \"would\", \"may\", \"could\" or \"should\" occur. \nIn making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado's current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the loan and the acquisition and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may p...

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