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BRIEF-Colorado Resources And Buckingham Copper Announce Non-Binding Letter Of Intent For Acquisition Of Buckingham By Colorado

Published 2019-05-08, 08:40 a/m
BRIEF-Colorado Resources And Buckingham Copper Announce Non-Binding Letter Of Intent For Acquisition Of Buckingham By Colorado
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May 8 (Reuters) - Colorado Resources Ltd CXO.V :

* COLORADO RESOURCES AND BUCKINGHAM COPPER ANNOUNCE NON-BINDING LETTER OF INTENT FOR ACQUISITION OF BUCKINGHAM BY COLORADO

* COLORADO RESOURCES LTD - BUCKINGHAM SHARES WILL BE EXCHANGED FOR COLORADO COMMON SHARES ON BASIS OF 0.50 OF A COLORADO SHARE FOR EACH BUCKINGHAM SHARE

* COLORADO RESOURCES - DEAL EXCHANGE RATIO IMPLIES CONSIDERATION OF C$1.2 MILLION FOR 100% OF BUCKINGHAM SHARES AT EQUIVALENT PRICE OF C$0.10/COLORADO SHARE

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