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Colorado Resources' former CEO to propose 5 directors at shareholder meeting

Colorado Resources Ltd. director, shareholder and former President and CEO Adam Travis will propose five director candidates for election at the annual general meeting scheduled for April 6.

Travis intends to propose himself, Patrick Soares, Bryan Wilson, Christian Kargl-Simard and Michael Cathro, according to a March 6 release. The nominees hold a combined interest of about 5.2% in the company.

Travis said he was terminated "without cause" as the president and CEO of Colorado Resources.