Colonial Coal Reports ON Recent Warrant Exercises
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Colonial Coal was recognized as a Venture 50 company in 2019.
The Venture 50 logo is a trademark of TSX Inc. and is used under license.
COLONIAL COAL INTERNATIONAL CORP.
Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5
Telephone: (604) 568-4962
PRESS RELEASE
COLONIAL COAL REPORTS ON RECENT WARRANT EXERCISES
Vancouver, B.C., Canada, February 5, 2020 – Colonial Coal International Corp. (TSX-V: CAD)
(the “Company” or “Colonial”) is pleased to announce that since the beginning of the year until
February 3, 2020, the Company has received aggregate proceeds of $5,181,688 from the exercise
of certain outstanding common share purchase warrants (the “Warrants”) to acquire an equivalent
number of common shares of the Company. The Warrants had exercise prices of either $0.15 or
$0.30 per common share and the proceeds from the exercise of the Warrants will now be utilized
by the Company for general corporate development and working capital purposes.
Overall, from April of 2018 until February 3, 2020, the Company has received aggregate proceeds
of $6,994,240 from the exercise of Warrants. The Company currently has 174,211,551 common
shares outstanding and no Warrants remain available for exercise.
Mr. David Austin, Colonial’s President and CEO stated, “We sincerely thank our shareholders for
exercising such a large number of the Warrants and, as a consequence, evidencing their ongoing
support for and confidence in Colonial and in its Board of Directors and management”.
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 release.
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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 Company’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 info rmation 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 fo rward-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 ofte n contain words such as "an ticipate", "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 proj ects; 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 ot her circumstances should change. Investors are cautioned
against attributing undue certainty to forward-looking statements.
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. RE ADERS 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