DIEPPE, NB, May 31, 2016 /CNW/ - Colibri Resource
Corporation (CBI : TSX-V) "Colibri" or the "Company", announces
the results of its Annual and Special Meeting (AGM) held on
May 27, 2016. Of the shares voted, at
least 99% were in favour of all management resolutions proposed in
the Company's Management Information Circular.
Resolutions proposed and approve include:
i.
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The audited financial
statements for the year end of Nov. 30, 2015 were
approved.
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ii.
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The number of
Directors was set at six.
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iii.
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The six Directors
elected to the Board of Directors are; Edward Stringer, William
Macdonald, Jacques Monette, Roger Doucet, Ronald Goguen and Paul
Bartos.
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iv.
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The re-appointment of
Anton & Chia, LLP as Auditors of the Corporation.
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v.
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The issuance of
common shares in excess of 25% of the existing shares
outstanding.
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vi.
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Approved the change
of common shares issuable by the company to unlimited.
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vii.
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Approve the company's
Stock Option Plan.
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Subsequent to the AGM, the Board of Directors appointed the
following officers:
Mr. Edward Stringer, President
and CEO,
Mr. Ronald Goguen, Chairman and
Corporate Secretary,
Ms. Camilla Cormier, Interim CFO
As of June 1, 2016, Mr.
Brian Crawford will become the CFO
of the Company, replacing Camilla
Cormier. We would like to thank Camilla for her past work
and dedication as CFO of the Company and wish her well in her
future endevours.
Mr. Crawford, CPA, CA has over thirty years of experience as a
senior financial executive of private and public corporations.
Brian, a chartered professional accountant, is a former partner of
BDO Canada and is currently CFO and a Director of several reporting
issuers.
The Company also advises that it is issuing 550,000 stock
options to Officers and Directors of the Corporation.
About Colibri Resource Corporation
Colibri is a
Canadian mineral exploration company focused on acquiring,
exploring and developing gold properties in Mexico.
On Behalf of the Board,
Edward
Stringer
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward looking statements
concerning future operations of Colibri Resource Corporation (the"
Company").All forward ;looking statements concerning the Company's
future plans and operations, including management's assessment of
the Company's project expectations or beliefs may be subject to
certain assumptions, risks and uncertainties beyond the Company's
control. Investors are cautioned that any such statements are not
guarantees of future performance and that actual performance and
exploration and financial results may differ materially from
estimates or projections.
SOURCE Colibri Resource Corporation