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| Home : Colorado Completes Non-Brokered Financing for $4.73M and Closes Final Tranche of $910,000 With Kinross |
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Jun 02
2016 |
Colorado Completes Non-Brokered Financing for $4.73M and Closes Final Tranche of $910,000 With Kinross |
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WEST KELOWNA, BRITISH COLUMBIA--(Marketwired - June 1, 2016) - COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is pleased to announce that, further to its press release of May 19, 2016, and May 31, 2016 it has completed the final tranche of its non-brokered private placement (the "Offering") with Kinross Gold Corporation ("Kinross") for aggregate gross proceeds of $910,000 (the "Final Tranche"). The Final Tranche which closed effective June 1, 2016 consisted of the issuance of 2,600,000 NFT Units to Kinross. Each Final Tranche NFT Unit consisted of one common share in the capital of the Company (a "NFT Share") and one common share purchase warrant (a "NFT Warrant"), with each NFT Warrant entitling the holder to acquire an additional NFT Share at an exercise price of $0.50 until June 1, 2018. |
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| Source:http://www.marketwired.com/mw/release.do?id=2130180&sourceType=3 |
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