COLORADO RESOURCES EXPLORES STRATEGIC ALTERNATIVES
Colorado Resources Ltd. has commenced a review of strategic alternatives to enhance shareholder value.
As part of the review process, the company has engaged Fort Capital, an independent financial advisory company specializing in providing advice to resource companies, to assist the board in its evaluation of alternatives available to the company.
The company has not set a definitive timeline to complete its identification, examination and consideration of opportunities. Furthermore, this review has not been initiated as a result of receiving any transaction proposal. Given the nature of the process, the company does not intend to provide updates with respect to the process until such time as the board approves a definitive transaction or strategic alternative, or otherwise determines that further disclosure is advisable. The company cautions that there are no guarantees that the review of strategic alternatives will result in a transaction or, if a transaction is undertaken, as to its terms or timing.
The company will look to complete its 2018 exploration field season and preserve its working capital, while sustaining the company's efforts to evaluate and pursue any strategic alternative.
...not the 'pep talk' I was looking for. Not too 'proud' of what they have 'in-the-ground'. Land Mass does NOT equal share price increase(s). "ANOTHER" lesson learned,... GaL [oh, ...Go CXO?]