Skip to main content

Coronado provides update on Skyrun Technology acquisition

Published by , Assistant Editor
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.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Canadian mining news