Colonial Coal Issues Stock Options
21 11월 2019 - 6:07AM
Colonial Coal International Corp. (TSX-V: CAD) (the
“
Corporation” or “
Colonial Coal”)
is pleased to announce that it has granted stock options (each, a
“
Stock Option”) to acquire an aggregate of up to
2,100,000 common shares of the Company to each of a certain
director and consultant of the Company in accordance with the
provisions of the Company’s previously approved share option plan.
The Stock Options are fully vested and are exercisable at a price
of $0.35 per common share for a period of 10 years from the date of
grant.
This grant of Options is subject to regulatory
approval.
Neither the 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 news release.
About Colonial Coal International
Corp.
Colonial Coal is a publicly traded coal
corporation in British Columbia that focuses primarily on coking
coal projects. The northeast Coal Block of British Columbia, within
which our Corporation’s projects are located, hosts a number of
proven deposits and has been the subject of M&A activities by
Anglo-American and others. Additional information can be found on
the Company's website www.ccoal.ca or by viewing the Company's
filings at www.sedar.com.
Forward-Looking Information
Information set forth in this news release may
involve forward-looking statements. Forward-looking statements are
statements that relate to future, not past, events. In this
context, forward-looking statements often address a company's
expected future business and financial performance, and often
contain words such as "anticipate", "believe", "plan", "estimate",
"expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other
similar expressions. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: risks associated with marketing and sale of
securities; the need for additional financing; reliance on key
personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and except as
required by law, the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned
against attributing undue certainty to forward-looking
statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN
THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF
THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE
ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
For further information please contact:
Colonial Coal International Corp. Shane Austin 604.568.4962
saustin@ccoal.ca www.ccoal.ca
Colonial Coal (TSXV:CAD)
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Colonial Coal (TSXV:CAD)
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