(Source: Colorado Resources Ltd) COLORADO RESOURCES LTD. (TSX-V: CXO) ('Colorado' or the 'Company') is pleased to announce that, further to its press release of May 19, 2016, it has completed the second tranche of its non-brokered private placement (the 'Offering') for aggregate gross proceeds of $2,091,425. The Offering consists of 9,274,931 (non-flow through) units of the Company (the 'NFT Units') at an issue price of $0.35 per Unit and 3,542,334 common shares of the Company that qualify as flow-through shares for purposes of the Income Tax Act (Canada) and 1,771,167 warrants (one share and half a warrant being a 'FT Unit') at an issue price of $0.42 per FT Unit. The initial tranche...
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