VANCOUVER, Feb. 14, 2018 /CNW/ - Mr. Alex P. Guidi reports that on January 18, 2018, he acquired beneficial ownership of 300,000 units (the "Units") of Coronado Resources Ltd. ("Coronado"). Each Unit is comprised of one common share and one common share purchase warrant ("Warrant"). Each Warrant is exercisable into one additional common share of Coronado at a price of $0.50 per share up until the close of business on January 18, 2019.
With this acquisition, Mr. Guidi now beneficially owns 520,213 common shares of Coronado, representing approximately 16% of the total 3,231,411 issued and outstanding common shares. Assuming Mr. Guidi exercised all of the Warrants, Mr. Guidi would own 820,213 common shares of Coronado, representing approximately 25% of the total issued and outstanding common shares.
The acquisition of the 300,000 Units occurred through a private placement at a price of $0.375 per Unit. The Units were acquired for investment purposes and Mr. Guidi may dispose of his holdings or acquire ownership of, or control or direction over, additional securities of Coronado, depending on market conditions and in compliance with applicable law.
Coronado trades on the NEX Board of the TSX Venture Exchange under the trading symbol CRD.H.
An amended report with respect to the acquisition of the Units will be electronically filed and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Further information pertaining to Coronado can be found at www.coronadoltd.com.
SOURCE Alex P. Guidi