In c9862 disseminated today at 10:49e, en error occurred at the end of
the first sentence in the first paragraph. It should read "....for a
period of 2 years" not ".... for a period of 1 year". Corrected copy
Coronado Resources Ltd. Arranges a private placement
Trading Symbol: TSX.V-CRD
VANCOUVER, Sept. 9, 2011 /CNW/ - Coronado Resources Ltd. has arranged a private placement of 4 million shares at $ 0.14 which
includes 4 million share warrants exercisable at $ 0.18 per share for a
period of 2 years. Funds will be used to acquire mining equipment,
further exploration and development at the Madison mine as well as
general operating expenses.
About: Coronado Resources Ltd. is a Canadian-based exploration, development
and mining company trading on the TSX Venture Exchange. Its
wholly-owned Madison property in Montana, USA is receiving revenue from
high-grade gold and copper shipments which have, since 2008, funded the
development of its underground workings to access drill discovery.
On Behalf of the Board
Eugene Larabie, P. Eng., President
Coronado Resources Ltd.
#507 - 595 Howe Street, Vancouver, BC V6C 2T5
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. The
foregoing information may contain forward-looking statements relating
to the future performance of Coronado Resources Ltd. Forward-looking
statements, specifically those concerned with future performance, are
subject to certain risks and uncertainties, and actual results may
differ materially. These risks and uncertainties are detailed from time
to time in filings with the appropriate securities commission.
SOURCE CORONADO RESOURCES LTD.
For further information:
Coronado Resources Ltd. at email@example.com or telephone at 604-683-6338 or toll free at 800-811-2322 or visit website at www.coronadoresourcesltd.com