Colibri Announces Extension to Its Previously Announced Non-Brokered Private Placement
- The Company has been granted an extension by the TSX Venture Exchange to complete its private placement by September 13, 2023.
- The Company closed the first tranche of the Offering on August 1, 2023, for gross proceeds of US$487,000.
- None.
Dieppe, New Brunswick--(Newsfile Corp. - August 30, 2023) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that the Company has been granted an extension by the TSX Venture Exchange (the "Exchange") to complete its previously announced non-brokered private placement (the "Offering") by September 13, 2023 (see the Company's news release dated June 30, 2023).
The Company is offering up to 1,000 units, each unit being comprised of: (i) a US
Each Debenture will bear interest at
The principal amount of the Debentures are convertible into Common 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
The Company has already closed a first tranche of the Offering on August 1, 2023 (see the Company's news release dated August 4, 2023) for gross proceeds of US
The Offering, including the terms of the Offering, received the conditional approval of the Exchange prior to closing but is subject to the final approval of the Exchange. The Debentures, Warrants and any Common Shares resulting from the conversion of the Debentures, or the exercise of the Warrants will be subject to a hold period of four months and one day after the date of issuance thereof. The Company intends to use the proceeds of the Offering for general working capital purposes and exploration expenses including drilling on the Evelyn/Plomo and Diamante/El Mezquite/Jackie projects.
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/178986