UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16
or 15d-16
UNDER
the Securities Exchange Act of 1934
For
the month of March 2024
Commission
File No.: 001-41824
Kolibri
Global Energy Inc.
(Translation
of registrant’s name into English)
925
Broadbeck Drive, Suite 220
Thousand
Oaks, CA 91320
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form
40-F ☒
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Kolibri Global
Energy Inc. |
|
|
Date:
March 19, 2024 |
By: |
/s/
Gary Johnson |
|
Name: |
Gary Johnson |
|
Title: |
Chief Financial Officer |
Exhibit
99.1
|
925
Broadbeck Drive, Suite 220
Thousand Oaks, California 91320
Phone:
(805) 484-3613
NASDAQ
ticker symbol: KGEI
TSX
ticker symbol: KEI |
For
Immediate Release
Kolibri
Global Energy Inc. Announces Anticipated Late Filing of Financial Statements
Thousand
Oaks, CALIFORNIA, March 19, 2024 – Kolibri Global Energy Inc. (the “Company”) announced today that it will
likely miss its filing deadline of April 2, 2024 to file audited annual financial statements and accompanying management’s discussion
and analysis and related CEO and CFO certificates for the financial year ended December 31, 2023 (collectively, the “Annual
Filings”), as required under applicable Canadian securities laws.
In
connection with the Company’s inability to file the Annual Filings on time, the Company has applied for a Management Cease Trade
Order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”)
and is waiting for the British Columbia Securities Commission approval.
The
Company recently engaged Marcum LLP as the Company’s new auditor due to the Company’s listing on the NASDAQ stock exchange.
The Company and Marcum LLP are performing their due diligence and procedures to meet regulatory requirements. The additional time will
provide its auditors with the opportunity to thoroughly perform their audit procedures. This approach underscores the Company’s
commitment to maintaining rigorous financial compliance and ensuring the highest levels of accuracy and transparency for its shareholders.
The
Company expects to file the Annual Filings as soon as they are available and by no later than May 31, 2024. The Company will issue a
news release once the Annual Filings have been filed. Until the Company files the Annual Filings, it will comply with the alternative
information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status
reports, in the form of news releases, for so long as the Annual Filings have not been filed.
During
the MCTO, the general investing public will continue to be able to trade in the Company’s common shares listed on the Canadian
Securities Exchange. However, the Company’s Chief Executive Officer, Chief Financial Officer and such other directors, officers
and persons as determined by the applicable regulatory authorities will not be able to trade in the Company’s common shares, nor
will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company
except in accordance with legally binding obligations to do so existing as of April 2, 2023, being the date of the Company’s anticipated
continuous disclosure default.
The
Company is not subject to any insolvency proceedings. If the Company provides any information to any of its creditors during the period
in which it is in default of filing the Annual Filings, the Company confirms that it will also file material change reports on SEDAR
containing such information.
About
Kolibri Global Energy Inc.
Kolibri
Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various
subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and
operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company’s shares
are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.
Further
Information
Kolibri
Global Energy Inc.
Wolf
E. Regener +1 (805) 484-3613
Email: wregener@kolibrienergy.com
Website: www.kolibrienergy.com
Forward-Looking
Statements
Cautionary
Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance
and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking terminology such as “expects”, “intends” or “anticipates”,
or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,
“should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking
statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements
regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with
respect to, among other things, management expectations that it will miss the filing deadline for the Annual Filings and the ability
of the Company to file the Annual Filings within the time period described herein.
These
forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested
in any forward-looking statements. These risks and uncertainties include, among other things: the Company being unable to hire a new
audit firm and file the Annual Filings in the proposed timeframe; recent market volatility; and the state of the financial markets for
the Company’s securities.
In
making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation,
that: the Company will be able to hire a new audit firm and file the Annual Filings in the proposed time frame.
Although
management of the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that
are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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