Colonial Coal Issues Stock Options
LEGAL_38168152.1
COLONIAL COAL INTERNATIONAL CORP.
Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5
Telephone: (604) 568-4962
NEWS RELEASE
COLONIAL COAL ISSUES STOCK OPTIONS
Vancouver, B.C., Canada – February 7, 2022 – 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 4,670,000 common shares of
the Company to each of certain directors, employees and consultants 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 $2.29 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.
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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
www.ccoal.ca