DIEPPE, N.B., Sept. 7, 2017 /CNW/ - (CBI: TSX-V) – Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
announce that it has closed a first tranche of its previously
announced non-brokered private placement (see the Company's news
release dated August 29, 2017). The
Company has issued 4,265,000 units at a price of $0.15 per Unit for gross proceeds of $639,750.00. Each unit consists of one
common share and one warrant. Each warrant entitles the
holder to acquire one additional common share of the Company at a
price of $0.25 per share for a period
of 24 months following closing. The Units are subject to
resale restrictions until January 7,
2018 under applicable securities legislation.
Proceeds from this financing will be used for continued
exploration of the Company's properties and general working
capital.
The Company has paid a finder's fees with respect to certain
subscribers in the aggregate amount of $29,622.50 and issued 197,750 finder's warrants.
The finder's warrants are non-transferable and exercisable into
common shares at $0.25 on the
substantially the same terms as the warrants issued to the
subscribers.
About Colibri Resource Corporation:
Colibri is a
Canadian mineral exploration company listed on the TSX-V (CBI)
focused on acquiring and exploring properties in Mexico.
The TSX Venture Exchange has neither approved
nor disapproved the contents of this news release.
Neither 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.
The statements made in this news release may
contain forward-looking statements that may involve a number of
risks and uncertainties. Actual events or results could
differ materially from the Company's expectations and
projections.
SOURCE Colibri Resource Corporation