Feb 16 (Reuters) - Colorado Resources Ltd CXO.V :
* Colorado announces non-brokered financing for up to $5m
* Colorado Resources Ltd says intends to expend proceeds from flow-through units for exploration on company's Canadian properties
* Is undertaking a non-brokered private placement comprised of 4 million units of co at an issue price of $0.32 per unit
* Colorado Resources - non-brokered private placement also comprised of 9 million flow-through units at an issue price of $0.42 per flow-through unit Source text for Eikon: ID:nCCN3CwZTD Further company coverage: CXO.V