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Coronado provides update on Skyrun Technology acquisition

Published by
Global Mining Review,

Coronado Resources Ltd. announced yesterday that the company will increase its loan to Skyrun Technology Corp. (Skyrun) by CAN$80 000 in support of its acquisition of the company announced on 28 August 2018. The loan increase will be secured and bear interest at the business prime rate quoted from time to time by the Bank of Canada plus 2%. The loan will mature on the first anniversary from the date the monies are advanced and may be repaid in advance without bonus or penalty.

Trading in Coronado's shares will remain halted pending closing of the Skyrun acquisition and final approval by the TSX Venture Exchange.

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Canadian mining news