7:1 share consolidation announcedCoronado Resources to roll back shares one for seven 2014-11-12 13:45 ET - News Release An anonymous director reports CORONADO ANNOUNCES SHARE CONSOLIDATION On Oct. 23, 2014, Coronado Resources Ltd.'s board of directors approved a share consolidation of the outstanding share capital of Coronado on the basis of seven preconsolidation common shares for one postconsolidation common share, and the TSX Venture Exchange has conditionally approved the consolidation. Final approval of the consolidation will be granted by the TSX-V following the issuance of this release, and the consolidation will be effective at the open of the market on Nov. 14, 2014. As a result of the consolidation, Coronado's currently issued and outstanding 79,273,092 common shares will be reduced to approximately 11,324,727 common shares. No fractional common shares will be issued as a result of the consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares. Coronado's name and trading symbols will remain unchanged. Registered shareholders will receive a letter of transmittal from Coronado's transfer agent, Computershare Investor Services Inc., with information on how to exchange their old share certificates representing preconsolidation common shares with the new share certificates representing postconsolidation common shares. Computershare will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of postconsolidation common shares to which the shareholder is entitled. Until surrendered, each share certificate representing preconsolidation common shares of Coronado will be deemed for all purposes to represent the number of whole postconsolidation common shares to which the holder is entitled as a result of the consolidation.