Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (17623)	4/22/2016 10:30:18 AM
From: Goose94	Read Replies (1) \| Respond to of 202705

CXO-V new 52 week high, 28.5 cents

To: Andrew~ who wrote (17623)	4/23/2016 6:26:54 PM
From: Goose94	Respond to of 202705

To: Andrew~ who wrote (17623)	5/19/2016 5:59:00 PM
From: Goose94	Read Replies (2) \| Respond to of 202705

Colorado Resources (CXO-V) May 19, '16 announces it has increased its previously announced non-brokered private placement (see news release of May 4, 2016) to $4,590,925. The Offering will now consist of up to 8,796,859 units of the Company at an issue price of $0.35 per Unit and 3,600,000 common shares of the Company that qualify as flow-through shares for purposes of the Income Tax Act (Canada) and 1,800,000 warrants at an issue price of $0.42 per FT Unit. The Company has completed the initial tranche ("Tranche 1") and has issued 2,211,430 NFT Units and 2,282,334 FT Units for aggregate gross proceeds of $1,732,580. The Company anticipates closing the remaining $2,858,345 comprised of 6,585,430 NFT Units and 1,317,666 FT Units on or before May 31, 2016. The Company has paid finders' fees in connection with Tranche 1 of $73,928 cash and issued to finders 61,800 warrants at an exercise price of $0.35 and 117,019 warrants at an exercise price of $0.42 (collectively the "Finder Warrants"). Each Finder Warrant is otherwise exercisable on the same terms as the warrants issued to investors in the Offering. Each 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 May 18, 2018. Each FT Unit consisted of one flow-through common share in the capital of the Company (a "FT Share") and one-half of one non-transferable non-flow through common share purchase warrant. Each whole warrant (a "NFT Warrant") will entitle the holder to purchase one additional common share of the Company (a "NFT Share") at an exercise price of $0.60 until May 18, 2018. The NFT Warrant and FT Warrant terms will contain an acceleration provision such that if, commencing on September 19, 2016, the closing price of the common shares of the Company on the TSX Venture Exchange is higher than $0.75 for 20 consecutive trading days then on the 20th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the Warrants may be accelerated to the date that is 20 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within two trading days of the Acceleration Trigger Date. The proceeds will be used by the Company for exploration activities on its Canadian properties and for working capital. About Colorado Colorado Resources Ltd. is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in British Columbia and is also seeking opportunities in Southwest USA and Latin America. Colorado's current exploration focus is to continue to advance: the KSP property optioned from SnipGold, located 15 km's along strike to the southeast of the past producing Snip Mine; its 100% owned North ROK property, located 15 km's northwest of the Red Chris mine development, both located in northern central British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS OF COLORADO RESOURCES LTD. Adam Travis, President and Chief Executive Officer Colorado Resources Ltd. Adam Travis President and Chief Executive Officer Colorado Resources Ltd. Terese Gieselman Chief Financial Officer Colorado Resources Ltd. (250) 768-1511 (250) 768-0849 TF (855) 768-1511 www.coloradoresources.com