VANCOUVER, British Columbia, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Colonial Coal International
Corp. (TSX-V: CAD) (the “Company” or “Colonial”) is pleased to announce the results of
the Company’s annual general meeting (the “AGM”) held on September 26, 2018, in Vancouver, British Columbia.
The Company is pleased to report that, at its AGM, the shareholders voted to elect David Austin, Ian Downie,
Anthony Hammond, John Perry, Wayne Waters and Gregory Waller as directors of the Company for the ensuing year.
In addition, at the AGM the shareholders also approved the re-appointment of PricewaterhouseCoopers LLP,
Chartered Accountants, as the Company’s auditor, and authorized the directors to fix the auditor’s remuneration, together with the
continuation of the Company’s current Share Option Plan. For more information on these matters please refer to the Company’s AGM
Management Proxy Circular which is available on SEDAR (www.sedar.com).
Following the AGM the Board of Directors (the “Board”) met and confirmed the appointment of the
following Company executive officers:
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David Austin: |
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President and Chief Executive Officer; |
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John Perry: |
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Chief Operating Officer; and |
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Matt Anderson: |
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Chief Financial Officer and Secretary; |
and the re-appointment of the following members to the Company’s current Audit Committee:
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Ian Downie (Chairman); |
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David Austin; and |
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Wayne Waters. |
The Board would like to thank the shareholders for their ongoing support.
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 Corporation’s projects are located, hosts a number of
proven deposits and has been the subject of M&A activities by Xstrata, Walter Energy, Anglo-American and others.
Additional information can be found on the Corporation’s website www.ccoal.ca or by viewing the Corporation’s filings at www.sedar.com.
For further information please contact:
Colonial Coal International Corp.
David Austin, President and CEO
604.568.4962
daustin@ccoal.ca
www.ccoal.ca
Forward-Looking Information
Information set forth in this news release involves forward-looking statements, including statements relating to
the Corporation’s potential sale of an interest in its Flatbed Property. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking statements often address a Corporation’s expected future business and
financial performance, and often contain words such as “anticipate”, “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 projects; 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 Corporation undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other 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 CORPORATION AS
OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE
ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE CORPORATION MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
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 news release.
