(PR-inside.com) WEST KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 09/21/11 -- COLORADO RESOURCES LTD. (TSX VENTURE: CXO) ("Colorado" or the "Company") is pleased to announce it has signed a letter agreement with two private individuals to acquire a 100% interest in the 8,546 hectare Aspen Grove South Property, located in southern B.C. To earn its 100% interest, Colorado must issue 100,000 shares, subject to TSX Venture Exchange approval and grant the vendors a 2.5% N.S.R. of which the first 1.5% may be purchased for $1 million and the remaining 1% for $3 million. The Aspen Grove South Property is centred around the Company's ..
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