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Thursday, March 24, 2016
COLIBRI ANNOUNCES EXTENSION TO ITS FINANCING
VANCOUVER, March 24, 2016 /CNW/ - Colibri Resource Corporation ('Colibri') is pleased to announce that it has obtained an extension to close its non-brokered private placement financing to raise gross proceeds of up to $80,000 (the 'Financing'). Final materials will then be due on or before April 25, 2016. No further extensions will be possible.
The Financing will consist of up to 1,600,000 units of the Company (each, a 'Unit') at a price of $0.05per Unit. Each Unit will consist of one common share and a whole non-transferable warrant (each, a 'Warrant'). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.075 per share for a period of 12 months following the closing date and at a price of $0.085 per share for a period of 12 months after the first 12 months.
The net proceeds from the Financing will be used for general working capital purposes.
All securities issued in connection with this Financing will be subject to a four-month hold period in accordance with securities regulation.
For Further Information Please Contact:
Edward Stringer, Director, President and Chief Executive Officer
Tel: (506) -383-4274
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Colibri Resources Corp.
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EXPLORATION STAGE |
CODE : CBI.V |
ISIN : CA1941681001 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Colibri Res. is a silver and gold exploration company based in Canada. Colibri Res. holds various exploration projects in Mexico. Its main exploration properties are COLIBRI PROPERTY and LEON PROPERTY in Mexico. Colibri Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 527 400 as of today (US$ 421 684, € 369 395). Its stock quote reached its highest recent level on March 25, 2011 at CA$ 5.40, and its lowest recent point on September 25, 2015 at CA$ 0.02. Colibri Res. has 11 720 000 shares outstanding. |