TSX-V: CXO
VANCOUVER, BC, Sept. 22, 2020 /CNW/ - COLORADO RESOURCES LTD. (TSXV:
CXO) ("Colorado" or the "Company") is
pleased to announce that it has received TSX Venture Exchange
approval to proceed with the change of its name to "QuestEx Gold
& Copper Ltd." Effective at market opening on Monday, September 28, 2020 the Company's common
shares will commence trading under the new name and ticker symbol
"QEX" on the TSX Venture Exchange stock market.
Joe Mullin, CEO of Colorado
Resources comments: "The past eighteen months have been a
seminal period for Colorado Resources. We have built new management
and technical teams, revitalized our board of directors,
implemented strong corporate governance and recapitalized our share
structure. The rebrand to QuestEx Gold & Copper marks the
culmination of our corporate restructuring, and as the new name
correctly suggests, we are now deploying our full efforts to the
business of planning and executing gold and copper exploration on
our enviable portfolio of mineral properties in British Columbia and Yukon."
We seek safe harbor.
About Colorado
Colorado Resources Ltd. is exploring for high-grade gold and
copper with a focus on the Golden Triangle and Toodoggone areas of
British Columbia. The property
portfolio includes the Company's flagship Castle property, a
porphyry copper-gold project located in the Red Chris mining
district of the Golden Triangle neighbouring GT Gold's Tatogga
property, and Newcrest Mining's GJ property. Other properties
include KSP, North ROK, Coyote, and Kingpin in the Golden Triangle,
Sofia in the Toodoggone district,
and Heart Peaks and Hit in other strategic districts within
British Columbia. These assets are
being advanced by a newly assembled technical and management team
with experience in exploration, permitting and discovery.
ON BEHALF OF THE BOARD OF DIRECTORS OF COLORADO RESOURCES LTD.
"Joseph
Mullin"
Joseph Mullin
Chief Executive Officer and Director
NR 20-18
Cautionary Note Regarding Forward-Looking
Statements
All statements, trend analysis and other information
contained in this press release about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions. All statements, other than statements of
historical fact, included herein, are forward-looking statements.
Although the Company believes that the expectations reflected in
such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements
since the Company can give no assurance that such expectations will
prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements, including the risks, uncertainties
and other factors identified in the Company's periodic filings with
Canadian securities regulators as well as the risk that the ongoing
COVID-19 pandemic may have on the Company's business. Important
factors could cause actual results to differ materially from
Colorado expectations.
Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. Colorado does not undertake any obligation to
update forward-looking statements except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking statements.
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.
SOURCE Colorado Resources Ltd.