Colibri Announces Closing of Second and Final Tranche of Previously Announced Non-Brokered Private Placement
- Successful completion of private placement
- Gross proceeds of US$200,000
- None.
Dieppe, New Brunswick--(Newsfile Corp. - September 12, 2023) - Further to its news release of August 4, 2023, Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) ("Colibri" or the "Company") is pleased to announce that, effective August 31, 2023, it has closed a second and final tranche of its non-brokered private placement originally announced on June 30, 2023. Under this second tranche, the Company has issued 200 Units (the "Units") for gross proceeds of US
Each Unit is comprised of: (i) US
Each Debenture will bear interest at
The principal amount of the Debentures are convertible into Shares, at the holder's option, at a price of (i) C
Each Warrant is exercisable to acquire one Common Share at an exercise price of
In connection with the Offering, the Company paid finder's fees to certain registered dealers which was comprised of cash payments totalling US
The Offering is subject to final acceptance of the Exchange. The Units issued in tranche 1 and the securities underlying them will be subject to a hold period which expires on December 2, 2023 while the Units and the securities underlying them issued in tranche 2 will be subject to a hold period which expires on January 1, 2024.
The Company intends to use the proceeds of the Offering for general working capital purposes and exploration expenses including drilling on the Evelyn/Plomo ("EP" Project) and Diamante/El Mezquite/Jackie projects.
Insider Participation in the Offering
As certain officers, directors and
About Colibri Resource Corporation
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company holds six high potential precious metal projects, all of which have planned exploration programs for calendar 2023.
For more information about all Company projects please visit: www.colibriresource.com.
Neither the 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.
Forward-Looking Statements
This news release may contain certain "forward-looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
For further information, please contact:
Ronald J. Goguen, President, CEO and Director
Tel: (506) 383-4274
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180378