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Slide #56. Coronado Resources Ltd. — Opunake Hydro Limited
Coronado Resources Ltd. (CRD.CA)
Opunake Hydro Limited
Coronado Resources Ltd. (TSX-V: CRD) and (OTCQX: CRDAF) ("Coronado") is pleased to announce that it has completed its change of business acquisition previously announced on May 14, 2013 (the "Acquisition"). Pursuant to the Acquisition, Coronado indirectly acquired all of the outstanding common shares of Opunake Hydro Limited ("OHL") from TAG Oil Ltd. ("TAG") and Opunake Hydro Holdings Limited ("OHHL") in exchange for the issuance of 13,015,410 common shares of Coronado (the "Coronado Shares") to TAG and 1,446,157 Coronado Shares to OHHL. The Coronado Shares issued to TAG and OHHL represent an aggregate purchase price of $5,584,000, based on the volume weighted average closing price of the Coronado Shares on the TSX Venture Exchange for the twenty consecutive trading days ending May 10, 2013. As a result of the Acquisition, TAG now owns 49.18%, and TAG and OHHL, collectively, own 51.01%, of the issued capital of Coronado.
Coronado Resources is a natural resource group and capital company engaged in clean power generation, gold mining, and oil & gas exploration. Co. produces clean power through hydro and natural gas, providing electricity for industry and residential customers in New Zealand, with significant expansion plans in progress. Co. also owns, operates, and is developing the Madison Gold property in Montana through its 100% controlled subsidiary Lynx Gold Corp., which has been mining high-grade gold and copper.
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