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Press Releases

Coronado Completes Skyrun Technology Corp. Acquisition and TSX Venture Exchange Listing

VANCOUVER, May 28, 2019 /CNW/ – Coronado Resources Ltd. announced today that the TSX Venture Exchange (“TSX-V”) has approved Coronado’s change of business as well as the acquisition of Vancouver-based Skyrun Technology Corp. and the intellectual property relating to the virtual currency platform, coincurve.com.

Corporate Name Change

To reflect the transformation into the technology sector, Coronado has changed its name to Interlapse Technologies Corp. The board of directors of the Company are now John Vaccaro, David Loretto, Wayne Chen, Ashley Garnot and Giuseppe (Pino) Perone.

TSX Venture Exchange Listing

The shares of Interlapse Technologies Corp. are expected to begin trading on the TSX-V on May 30, 2019. Trading Symbol:INLA.

Non-Brokered Private Placement

Coronado has completed a non-brokered private placement of 2,210,000 common shares at $0.50 per share for gross proceeds of $1,105,000. The common shares issued under this private placement are subject to resale restrictions for a period of four months from the closing date. The proceeds of this funding will be used to further advance the development of coincurve.com and planned international expansion.

Capital Structure

After completion of the aforementioned private placement, the Company will have 8,672,822 shares issued and outstanding.

Executive Team

Interlapse welcomes incoming executives Wayne Chen, Chief Executive Officer, and Rod Hsu, Chief Operating Officer. They are the founders of Skyrun Technology Corp. and have extensive experience in operating technology, specialized payments and virtual currency platforms. The executive team of the Company is as follows:

  • Wayne Chen – Chief Executive Officer
  • Rod Hsu – Chief Operating Officer
  • Giuseppe (Pino) Perone – President
  • Barry MacNeil – Chief Financial Officer
  • Ashley Garnot – Corporate Development
  • Stephanie Yoneda – Controller

For further information:

Ashley M. Garnot, Director
Phone: +1.604.682-6496
Contact:[email protected]  
Website: http://coronadoltd.com
Blog: http://coronadoltd.com/blog

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. The transaction and the name change are subject to the final approval of the TSX-V. The TSX-V is in the process of reviewing the final materials submitted by the Company. 

Cautionary Note Regarding Forward-Looking Statements

Coronado Provides Corporate Update

VANCOUVER, April 29, 2019 /CNW/ – Coronado Resources Ltd. (NEX: CRD.H) advises that further to its press release dated February 27, 2019, the Company has (subject to regulatory approval) completed a non-brokered private placement of 2,210,000 shares at C$0.50 per share for gross proceeds of $1,105,000. The common shares issued under this private placement will be subject to resale restrictions for a period of four months from the closing date.

The proceeds from the private placement, together with existing working capital, will be used to advance the development of Coronado\’s technology business.

Trading in Coronado\’s shares will remain halted pending final approval by the TSX Venture Exchange to formally close Coronado’s acquisition of Skyrun Technology Corp. as announced on August 28, 2018, along with the private placement and name change to Interlapse Technologies Corp.

For further information:
Ashley Garnot, Corporate Development
Phone: +1.604.682-6496
Contact: [email protected]
Website: http://www.coronadoltd.com/

Completion of the private placement is subject to several conditions, including TSX-V final acceptance. There can be no assurance that the private placement will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the private placement may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the Offering and has neither approved the private placement nor disapproved the contents of this press release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as \”expects\”, \”plans\”, \”anticipates\”, \”intends\”, \”estimates\”, \”forecasts\”, \”schedules\”, \”prepares\”, \”potential\” and similar expressions, or that events or conditions \”will\”, \”would\”, \”may\”, \”could\” or \”should\” occur. Forward-looking statements and information concerning anticipated financial performance are based on management\’s assumptions using information currently available. Forward-looking statements in this news release include Coronado\’s expectations regarding the ability to complete, and the anticipated results of, the private placement.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado\’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the private placement. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, market conditions, changes in the applicable regulatory regime, changes to the cryptocurrency market, and risks inherent in the development of a start-up plan business. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Coronado Updates Skyrun Technology Corp. Acquisition

VANCOUVER, March 11, 2019 /CNW/ – Coronado Resources Ltd. (NEX: CRD.H) announced today that the Company will increase its loan to Skyrun Technology Corp. (\”Skyrun\”) by $80,000 in support of the Company’s acquisition announced August 28, 2018 to acquire Skyrun. The loan increase will be secured and bear interest at the business prime rate quoted from time to time by the Bank of Canada plus 2%. The loan will mature on the first anniversary from the date the monies are advanced and may be repaid in advance without bonus or penalty.

Trading in Coronado\’s shares will remain halted pending closing of the Skyrun acquisition and final approval by the TSX Venture Exchange.

For further information:

Ashley Garnot, Corporate Development
Phone: +1.604.682-6496
Contact: [email protected]
Website: http://www.coronadoltd.com/
Blog: http://coronadoltd.com/blog/

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as \”expects\”, \”plans\”, \”anticipates\”, \”intends\”, \”estimates\”, \”forecasts\”, \”schedules\”, \”prepares\”, \”potential\” and similar expressions, or that events or conditions \”will\”, \”would\”, \”may\”, \”could\” or \”should\” occur.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado\’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the loan and the acquisition and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Coronado Receives Conditional Approval for Skyrun Technology Corp. Acquisition

VANCOUVER, February 27, 2019 – Coronado Resources Ltd. (NEX: CRD.H) announced today that it has received conditional TSX Venture Exchange (“TSX-V”) approval for the Company’s acquisition announced August 28, 2018 to acquire Vancouver-based Skyrun Technology Corp. (\”Skyrun\”) and Coronado’s “change of business” to a technology issuer (the “COB Transaction”). Upon completion of the Skyrun acquisition and final approval by the TSX-V, Coronado will change its name to: Interlapse Blockchain Corp.

Coronado intends to complete a non-brokered private placement of approximately 2,000,000 common shares concurrent with the closing of the Skyrun acquisition at a price of $0.50 per share for gross proceeds of approximately $1,000,000.

Completion of the COB Transaction is subject to the TSX-V’s customary closing conditions. As previously announced in the Company’s August 28, 2018 press release, shareholder approval is not required in relation to the COB Transaction. Shareholder approval is not required as, in accordance with TSX-V Policy 5.2, the Skyrun acquisition is not a related party transaction within the meaning of TSX-V Policy 5.9, Coronado is without active operations and listed on the NEX, is not and will not be subject to a cease trade order and will not otherwise be suspended from trading on completion of the COB Transaction, and shareholder approval is not required under applicable corporate and securities laws.

Trading in Coronado\’s shares will remain halted pending closing of the COB Transaction and final approval by the TSX-V.

For further information:

Ashley Garnot, Corporate Development
Phone: +1.604.669.0912
Contact: [email protected]
Website: www.interlapse.com
Blog: http://localhost/blog/

Completion of the acquisition is subject to several conditions, including TSX-V final acceptance. There can be no assurance that the acquisition will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the private placement and the COB Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the private placement or the COB Transaction and has neither approved nor disapproved the contents of this press release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as \”expects\”, \”plans\”, \”anticipates\”, \”intends\”, \”estimates\”, \”forecasts\”, \”schedules\”, \”prepares\”, \”potential\” and similar expressions, or that events or conditions \”will\”, \”would\”, \”may\”, \”could\” or \”should\” occur. Forward-looking statements and information concerning anticipated financial performance are based on management\’s assumptions using information currently available. Forward-looking statements in this news release include Coronado\’s expectations regarding the ability to complete, and the anticipated results of, the private placement and the COB Transaction.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado\’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the private placement and the COB Transaction and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, uncertainties in the development of Skyrun\’s business, changes in the applicable regulatory regime, changes to the cryptocurrency market, and risks inherent in the development of a start-up plan business. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Coronado Updates Skyrun Technology Corp. Acquisition

VANCOUVER, January 9, 2019 – Coronado Resources Ltd. (NEX: CRD.H / OTC: CRDAF) announced today that the Company continues to engage with the TSX Venture Exchange (\”TSX-V\”) in order to complete Coronado’s “change of business” to a technology issuer and the acquisition of Vancouver-based Skyrun Technology Corp. (\”Skyrun\”), as announced on August 28, 2018.

In support of the acquisition, Coronado will be providing Skyrun with a $75,000 loan, which will be secured and bear interest at the business prime rate quoted from time to time by the Bank of Canada plus 2%. The loan will mature on the first anniversary from the date the monies are advanced and may be repaid in advance without bonus or penalty. In accordance with TSX-V policy 5.2, the loan will not be advanced to Skyrun until 15 days following this news release.

Trading in Coronado\’s shares will remain halted pending closing of the Skyrun acquisition and final approval by the TSX-V.

For further information:

Ashley Garnot, Corporate Development
Phone: +1.604.682-6496
Contact: [email protected]
Website: http://www.coronadoltd.com/
Blog: http://coronadoltd.com/blog/

Completion of the acquisition is subject to several conditions, including TSX-V acceptance. There can be no assurance that the acquisition will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the loan and the change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the loan or the proposed acquisition and has neither approved nor disapproved the contents of this press release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as \”expects\”, \”plans\”, \”anticipates\”, \”intends\”, \”estimates\”, \”forecasts\”, \”schedules\”, \”prepares\”, \”potential\” and similar expressions, or that events or conditions \”will\”, \”would\”, \”may\”, \”could\” or \”should\” occur. Forward-looking statements and information concerning anticipated financial performance are based on management\’s assumptions using information currently available. Forward-looking statements in this news release include Coronado\’s expectations regarding the ability to complete, and the anticipated results of, the loan and the acquisition.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado\’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the loan and the acquisition and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, uncertainties in the development of Skyrun\’s business, changes in the applicable regulatory regime, changes to the cryptocurrency market, and risks inherent in the development of a start-up plan business. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Coronado Updates Skyrun Technology Corp. Acquisition

Vancouver, B.C. – November 2, 2018 – Coronado Resources Ltd. is pleased to announce that it has formally submitted a change of business application to the TSX Venture Exchange (“TSX-V”) in relation to its proposed acquisition of Vancouver-based Skyrun Technology Corp. (“Skyrun”). Skyrun has developed a crypto-platform, which will officially launch in Canada next month and will allow users to instantly purchase select cryptocurrencies in a simplified manner.

Trading in Coronado’s shares will remain halted pending final review and approval by the TSX-V and formal closing of the Skyrun acquisition.

Coronado Resources Ltd.

Coronado is a venture stage company pursuing attractive opportunities in the technology sector. The Company’s shares trade on the NEX Board of the TSX-V under the trading symbol: CRD.H. Coronado also trades on the OTC market network in the United States, trading symbol: CRDAF.

For further information:

Ashley Garnot, Corporate Development
Phone: +1.604.682-6496
Contact: [email protected]
Website: http://www.coronadoltd.com/
Blog: http://coronadoltd.com/blog/

Completion of the Skyrun acquisition is subject to several conditions, including TSX-V acceptance. There can be no assurance that the Skyrun acquisition will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the proposed Skyrun acquisition and has neither approved nor disapproved the contents of this press release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:
Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements and information concerning anticipated financial performance are based on management’s assumptions using information currently available. Forward-looking statements in this news release include Coronado’s expectations regarding the ability to complete, and the anticipated results of, the Skyrun acquisition, the funds that will be available to Coronado upon completion of the Skyrun acquisition and the proposed development and expansion of Coronado’s business.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the Skyrun acquisition and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, uncertainties in the development of Skyrun’s business, changes in the applicable regulatory regime, changes to the cryptocurrency market, and risks inherent in the development of a start-up plan business. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Coronado Provides Q2 Results & Updates Skyrun Technology Corp. Acquisition

Vancouver, B.C. – October 2, 2018 – Coronado Resources Ltd. (NEX: CRD.H and OTC: CRDAF) is pleased to provide highlights for the second quarter ended August 31, 2018. Coronado remains committed and looks forward to completing the Skyrun Technology Corp. (“Skyrun”) acquisition and foray into the technology sector.

On August 28, 2018, Coronado entered into a binding share purchase agreement to acquire 100% of the outstanding common shares of Skyrun. A Vancouver headquartered corporation, Skyrun is developing an intuitive web-based platform, which will allow users to easily purchase select virtual currencies from Canada.

Completion of this acquisition will position Coronado within an evolving specialized sector. In conjunction with the closing of the Skyrun acquisition, Coronado also announced proposed additions to its board of directors and executive team, as well as a non-brokered private placement.

On August 20, 2018, Coronado forward split its common shares on a 2-for-1 basis resulting in 6,462,822 common shares issued and outstanding, giving more flexibility to its capital structure.

As at August 31, 2018, Coronado’s working capital was $1,252,901 with no material liabilities and a loss carry-forward that can potentially be used to offset tax on future revenue.

Pending final review and approval by the TSX Venture Exchange and final closing of the Skyrun acquisition, trading in Coronado’s shares will remain halted.

Coronado Resources Ltd.

Coronado is a venture stage company pursuing attractive opportunities in the technology sector. The Company’s shares, which are widely distributed, trade on the NEX Board of the TSX Venture Exchange under the trading symbol: CRD.H. Coronado also trades on the OTC market network in the United States, trading symbol: CRDAF.

For further information:

Ashley Garnot, Corporate Development
Phone: +1.604.682-6496
Contact: [email protected]
Website: http://www.coronadoltd.com/
Blog: http://coronadoltd.com/blog/

Completion of the Skyrun acquisition is subject to several conditions, including TSX-V acceptance. There can be no assurance that the Skyrun acquisition will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Coronado should be considered highly speculative. The TSX-V has in no way passed upon the merits of the proposed Skyrun acquisition and has neither approved nor disapproved the contents of this press release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Coronado. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements and information concerning anticipated financial performance are based on management’s assumptions using information currently available. Forward-looking statements in this news release include Coronado’s expectations regarding the ability to complete, and the anticipated results of, the Skyrun acquisition, the funds that will be available to Coronado upon completion of the Skyrun acquisition and the proposed development and expansion of Coronado’s business.

In making the forward-looking statements in this news release, Coronado has applied certain factors and assumptions that are based on information currently available to Coronado as well as Coronado’s current beliefs and assumptions made by Coronado, including that Coronado will be able to complete the Skyrun acquisition and that a strategic plan for the near and mid-term can be determined. Although Coronado considers these beliefs and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, uncertainties in the development of Skyrun’s business, changes in the applicable regulatory regime, changes to the cryptocurrency market, and risks inherent in the development of a start-up plan business. Although Coronado has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Coronado does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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