Coronado Resources Ltd. (TSXV:CRD.H) entered into a binding share purchase agreement to acquire Skyrun Technology Corp. from Wayne Chen and Rodney Hsu for CAD 0.5 million on August 28, 2018. Under the terms of the share purchase agreement, Coronado will issue up to 0.66 million common shares and pay CAD 100 in cash as consideration, which is equal to approximately 10% of Coronado's current issued and outstanding shares. The shares of Coronado will be released to the principals of Skyrun, Wayne Chen and Rodney Hsu, when certain milestones are reached that are linked directly to the development, operations and overall success of Coronado. As on March 11, 2019, Coronado resources increased its loan to Skyrun Technology by CAD 0.08 million. Following completion of the Skyrun acquisition, Coronado's Board of Directors will consist of Alex P. Guidi, Chairman, Wayne Chen, Giuseppe (Pino) Perone,John Vaccaro and David Loretto. The executive management team will consist of Wayne Chen, Chief Executive Officer, Giuseppe (Pino) Perone as President and Corporate Secretary, Rod Hsu, Chief Operating Officer and Barry MacNeil, Chief Financial Officer. The transaction is subject to the approval by the TSX Venture Exchange including a change of Coronado's business and a reactivation from the NEX board to the TSX-V, completion of due diligence investigation, delivery of share certificates, all third party consents, deeds and all documentation and other evidence reasonably requested by Coronado, compliance by the parties to the share purchase agreement with all covenants and agreements in such agreement and other conditions precedent set forth in the share purchase agreement. The proposed Skyrun acquisition will constitute a "change of business" for the purposes of TSX-V Policy 5.2 and is subject to review and acceptance by the TSX-V. The Skyrun acquisition is not a related party transaction, so a valuation and shareholder approval are not required. As of February 27, 2019, the conditional approval of TSX Venture Exchange was obtained. PI Financial Corp., subject to completion of satisfactory due diligence, has agreed to act as sponsor to Coronado Resources Ltd. Susan Tomaine of Blake, Cassels & Graydon LLP acted as legal advisor to Coronado Resources Ltd and Kelly A. Samuels of Edwards, Kenny & Bray LLP acted as legal advisor to Skyrun Technology Corp.