Colonial Coal International Corp. Completes Final Closing of Non-Brokered Private Placement
This news release is intended for distribution in Canada only and is not intended for
distribution to United States newswire services or dissemination in the United States.
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COLONIAL COAL INTERNATIONAL CORP.
Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5
Telephone: (604) 568-4962
NEWS RELEASE
COLONIAL COAL INTERNATIONAL CORP. COMPLETES FINAL CLOSING
OF NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C., Canada – Febr uary 7, 2017 – Colonial Coal International Corp. (TSX-V:
CAD) (the “Corporation” or “Colonial Coal”) is pleased to confirm, further to its news release
of February 6, 2017, that the Corporation has now completed the balance of its non-brokered
private placement (the “Private Placement”) pursuant to which the Corporation has now issued
an aggregate of 51,952,661 units (each, a “ Unit”) of the Corporation, at a subscription price of
$0.15 per Unit, raising aggregate gross proceeds to the Corporation of $7,792,900.
Additional information respecting the Private Pl acement is provided in the Corporation’s most
news release of February 6, 2017.
Colonial Coal also announces that it is not proceeding with at this time its previously announced
(May 2, 2016) sale of a 10% in terest in the Corporation’s Fl atbed Property and related unit
private placement.
About Colonial Coal International Corp.
Colonial Coal is a publicly traded coal corporati on in British Columbia that focuses primarily on
coking coal projects. The nor theast 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 Xstrata, Walter Energy, Anglo-American and others.
Additional information can be f ound on the Corporation’s website www.ccoal.ca or by viewing
the Corporation’s filings at www.sedar.com.
Forward-Looking Information
Information set forth in this news release involves forward-looking statements, including
statements relating to the Corporation’s potential sale of an interest in its Flatbed Property.
Forward-looking statements are statements that rela te to future, not past, events. In this context,
forward-looking statements often address a Corpor ation’s expected future business and financial
performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”,
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“expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or
“will” be taken or occur, or other similar e xpressions. By their nature, forward-looking
statements involve known and unknown risks, uncer tainties and other f actors which may cause
our actual results, performance or achievements, or other future events, to be materially different
from any future results, performance or achie vements expressed or implied by such forward-
looking statements. Such factors include, among others, the following risk s: risks associated
with marketing and sale of securities; the need for additional fina ncing; reliance on key
personnel; the potential for conflicts of interest among certain offi cers or directors with certain
other projects; and the volatil ity of common share price and volume. Forward-looking
statements are made based on management’s be liefs, estimates and opini ons on the date that
statements are made and except as required by la w, the Corporation unde rtakes 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 CO NTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF TH E CORPORATION 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 CORP ORATION MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT
AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
Neither the TSX Venture Exchange nor its Regu lation Services Provider (as that term is
defined in the policies of the TSX Venture Exch ange) accepts responsibility for the adequacy
or accuracy of this news release.
For further information please contact:
Colonial Coal International Corp.
David Austin, President and CEO
604.568.4962
www.ccoal.ca
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