VANCOUVER, Aug. 14, 2018 /CNW/ - Coronado Resources
Ltd. ("Coronado") (NEX: CRD.H and OTC: CRDAF) announces
that the Company's common shares will commence trading
on a post-split basis on Monday August 20,
2018.
In accordance with the applicable rules of the TSX Venture
Exchange pertaining to Coronado's
two (2) new common shares for each one (1) old common share stock
split (the "Stock Split"), the common shares of Coronado will trade
on a "due bill" basis from August 13,
2018, to August 17, 2018,
being the effective date for the share subdivision, inclusively.
Coronado's common shares will
commence trading on a split-adjusted basis on August 20, 2018, at which time, the common shares
will no longer have entitlement to additional common shares. The
due bill redemption date will be August 21,
2018.
Current shareholders of Coronado, with or without a physical share
certificate, do not need to take any action whatsoever with
respect to the Stock Split. Coronado's transfer agent will automatically
send shareholders their share certificates or DRS advice, which
will represent your additional number of common shares to be
received as a result of the 2-for-1 forward Stock Split.
Coronado currently has
3,231,411 common shares issued and outstanding, which will be
increased to approximately 6,462,822 common shares after the Stock
Split is completed.
Coronado Resources Ltd.
Coronado is a Vancouver-based company pursuing business
opportunities in the technology sector. The Company's widely
distributed shares trade on the NEX Board of the TSX Venture
Exchange under the trading symbol: CRD.H. Coronado also trades on the OTC Pink market
network in the United States,
trading symbol: CRDAF.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
Statements 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.
Forward-looking statements and information concerning the
review of all assets of Coronado are based on management's
assumptions using information currently available and include
Coronado's expectations regarding
the Stock Split. In 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.
Although Coronado considers these
beliefs and assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Although Coronado has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information. Coronado does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
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SOURCE Coronado Resources Ltd.