Coronado Proposes Share Consolidation and Name Change (Clarification)

Dec 08, 2011, 12:19 ET from CORONADO RESOURCES LTD.

VANCOUVER, Dec. 8, 2011 /PRNewswire/ - Coronado Resources Ltd. (TSXV: CRD) has instructed its solicitors to convene a shareholder meeting on February 23rd 2012 at which time, the Company will request shareholders to approve a share consolidation. Coronado will request that the shareholders approve by ordinary resolution a consolidation of its outstanding share capital on the basis of up to one post consolidation for three pre-consolidation shares.  This consolidation will increase Coronado's flexibility and better position the Company for future funding.

Coronado will also seek approval for a name change in conjunction with the consolidation.  The completion of the consolidation and name change will be subject to shareholder and regulatory approval.

On Behalf of the Board
"Eugene Larabie"
Eugene Larabie, P. Eng., President
Coronado Resources Ltd.
#507 - 595 Howe Street, Vancouver, BC V6C 2T5

The foregoing information may contain forward-looking statements relating to the future performance of Coronado Resources Ltd. with regards to the use of funds from the private placement. Forward-looking statements, specifically those concerned with future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in filings with the appropriate securities commission.
Neither 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 release.