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Wednesday, June 1, 2016
Colibri Announces Financing
VANCOUVER, June 1, 2016 /CNW/ - Colibri Resource Corporation ('Colibri') is pleased to announce that it intends to carry out a non-brokered private placement financing to raise gross proceeds of up to $100,000 (the 'Financing').
The Financing will consist of up to 1,000,000 units of the Company (each, a 'Unit') at a price of $0.10 per Unit. Each Unit will consist of one common share and one-half of one 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 $0.15 per share for a period of 24 months following the closing date.
The net proceeds from the Financing will be used for general working capital purposes.
The Financing is subject to TSX Venture approval. All securities issued in connection with this Financing will be subject to a four-month hold period in accordance with securities regulation.
For Further Information Please Contact:
Edward Stringer, Director, President and Chief Executive Officer
Tel: (506) -383-4274
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.
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Colibri Resources Corp.
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EXPLORATION STAGE |
CODE : CBI.V |
ISIN : CA1941681001 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Colibri Res. is a silver and gold exploration company based in Canada. Colibri Res. holds various exploration projects in Mexico. Its main exploration properties are COLIBRI PROPERTY and LEON PROPERTY in Mexico. Colibri Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 586 000 as of today (US$ 429 084, € 400 893). 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. |