Colibri Announces New Non-Brokered Private Placement; TSXV Final Acceptance on Prior Placement and Disclosure Correction
Colibri Resource (TSXV: CBI) has announced a new non-brokered private placement offering of up to 10 million units at $0.025 per unit, aiming to raise up to $250,000. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 24 months.
The proceeds will fund exploration at the company's Mexican precious metals projects, including the Pilar Gold Project and EP Gold Project. The offering is expected to close in mid-February 2025, potentially in multiple tranches.
Additionally, Colibri received final TSX Venture Exchange acceptance for its previous private placement, which raised $305,500 through the sale of 6,110,000 units, correcting earlier disclosure that stated 550,000 units had been sold. These units included warrants exercisable at $0.075 for 24 months.
Colibri Resource (TSXV: CBI) ha annunciato una nuova offerta di collocamento privato non intermedializzato fino a 10 milioni di unità a $0,025 per unità, con l'obiettivo di raccogliere fino a $250,000. Ogni unità include una azione comune e un warrant, con warrants esercitabili a $0,05 per azione per 24 mesi.
I proventi finanzieranno l'esplorazione dei progetti minerari di metalli preziosi dell'azienda in Messico, tra cui il Pilar Gold Project e il EP Gold Project. Si prevede che l'offerta si chiuda a metà febbraio 2025, potenzialmente in più tranche.
Inoltre, Colibri ha ricevuto l'accettazione finale della TSX Venture Exchange per il suo precedente collocamento privato, che ha raccolto $305,500 attraverso la vendita di 6.110.000 unità, correggendo la precedente comunicazione che indicava la vendita di 550.000 unità. Queste unità includevano warrants esercitabili a $0,075 per 24 mesi.
Colibri Resource (TSXV: CBI) ha anunciado una nueva oferta de colocación privada no intermediada de hasta 10 millones de unidades a $0,025 por unidad, con el objetivo de recaudar hasta $250,000. Cada unidad incluye una acción común y un warrant, siendo los warrants ejercitables a $0,05 por acción durante 24 meses.
Los ingresos se destinarán a la exploración de los proyectos de metales preciosos de la empresa en México, incluidos el Pilar Gold Project y el EP Gold Project. Se espera que la oferta se cierre a mediados de febrero de 2025, potencialmente en múltiples tramos.
Además, Colibri recibió la aceptación final de la TSX Venture Exchange para su colocación privada anterior, que recaudó $305,500 a través de la venta de 6.110.000 unidades, corrigiendo la divulgación anterior que indicaba que se habían vendido 550.000 unidades. Estas unidades incluían warrants ejercitables a $0,075 durante 24 meses.
Colibri Resource (TSXV: CBI)는 1000만 개의 유닛을 유닛 당 $0.025에 비중개 방식으로 새로운 사모 투자 유치를 발표했으며, 최대 $250,000의 자금을 모금을 목표로 하고 있습니다. 각 유닛은 하나의 보통주와 하나의 워런트가 포함되어 있으며, 워런트는 24개월 동안 주당 $0.05로 행사할 수 있습니다.
조달된 자금은 회사의 멕시코 귀금속 프로젝트, 즉 Pilar Gold Project와 EP Gold Project의 탐사를 위한 자금으로 사용될 것입니다. 이번 제안은 2025년 2월 중순에 마감될 예정이며, 여러 차례에 걸쳐 이루어질 수 있습니다.
또한, Colibri는 이전 사모 투자에 대해 TSX Venture Exchange로부터 최종 승인을 받았으며, 이번에는 6,110,000 유닛을 판매하여 $305,500을 모금했다는 발표와 함께 550,000 유닛이 판매되었다고 밝힌 이전의 공지를 수정했습니다. 이 유닛들은 24개월 동안 주당 $0.075로 행사할 수 있는 워런트를 포함하고 있었습니다.
Colibri Resource (TSXV: CBI) a annoncé une nouvelle offre de placement privé sans intermédiaire pouvant atteindre 10 millions d'unités à 0,025 $ l'unité, visant à lever jusqu'à 250 000 $. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,05 $ par action pendant 24 mois.
Les produits seront affectés à l'exploration des projets de métaux précieux de la société au Mexique, notamment le Pilar Gold Project et le EP Gold Project. On s'attend à ce que l'offre se clôture à la mi-février 2025, potentiellement en plusieurs tranches.
De plus, Colibri a reçu l'acceptation finale de la TSX Venture Exchange pour son précédent placement privé, qui a permis de lever 305 500 $ grâce à la vente de 6 110 000 unités, corrigeant ainsi une divulgation antérieure qui déclarait que 550 000 unités avaient été vendues. Ces unités comprenaient des bons de souscription exerçables à 0,075 $ pendant 24 mois.
Colibri Resource (TSXV: CBI) hat eine neue nicht vermittelte Privatplatzierung mit bis zu 10 Millionen Einheiten zu je $0,025 pro Einheit angekündigt, mit dem Ziel, bis zu $250,000 zu sammeln. Jede Einheit umfasst eine Stammaktie und ein Warrant, wobei die Warrants für 24 Monate zu $0,05 pro Aktie ausgeübt werden können.
Die Erlöse werden die Exploration der mexikanischen Edelmetallprojekte des Unternehmens finanzieren, darunter das Pilar Gold Project und das EP Gold Project. Es wird erwartet, dass das Angebot Mitte Februar 2025 abgeschlossen wird, möglicherweise in mehreren Tranchen.
Darüber hinaus erhielt Colibri die endgültige Genehmigung der TSX Venture Exchange für seine vorherige Privatplatzierung, die $305,500 durch den Verkauf von 6.110.000 Einheiten gesammelt hat, womit eine frühere Mitteilung korrigiert wurde, die 550.000 Einheiten als verkauft angab. Diese Einheiten beinhalteten Warrants, die für 24 Monate zu $0.075 ausgeübt werden können.
- Secured $305,500 in funding from previous private placement
- Additional potential funding of $250,000 through new placement
- Dilutive effect on shareholders through multiple share issuances
- Low unit pricing at $0.025 indicates potential market weakness
Dieppe, New Brunswick--(Newsfile Corp. - January 17, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce that it intends to conduct a non-brokered private placement (the "Offering") of up to 10,000,000 units (the "Units") at a price of
The net proceeds of the Offering will be used for upcoming exploration expenses at Colibri's highly prospective precious metals projects in Mexico, including the Pilar Gold Project & the EP Gold Project and for working capital.
The Offering is anticipated to close towards the middle of February 2025 (the "Closing"). Closing may occur in one or more tranches.
Closing of the Offering is subject to the acceptance of the TSX Venture Exchange (the "Exchange"). Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing. The Company anticipates that it may pay certain finder's fees as per the guidelines of the Exchange.
The Offering will be conducted by the Company primarily under the "accredited investor" exemption of National Instrument 45-106 -- Prospectus and Registration Exemptions but may use other exemptions if appropriate.
For further details of the Offering, please contact Ian McGavney, President & CEO of the Company at (506) 383-4274 or ianmcgavney@colibriresource.com.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed
TSXV Final Acceptance and Disclosure Correction
Colibri also wishes to announce that, further to its news release of December 20, 2024, it has received final acceptance from the Exchange in regards to a private placement originally announced on August 23, 2024. See also the Company's follow-up news releases dated September 6 and October 4, 2024. A total of 6,110,000 units were sold for gross proceeds of
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1)
For more information about all Company projects please visit: www.colibriresource.com.
Contact:
Ian McGavney, President, CEO and Director
Tel: (506) 383-4274
ianmcgavney@colibriresource.com
Forward-Looking Statements
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 news release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237581
FAQ
What are the terms of Colibri's (TSXV: CBI) new private placement announced in January 2025?
How much did Colibri raise in its previous private placement completed in December 2024?
What will the proceeds from Colibri's new private placement be used for?
When is Colibri's new private placement expected to close?
