DIEPPE, NB, Aug. 3, 2018 /CNW/ - (CBI: TSX-V) - Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
announce that it negotiated an agreement with two shareholders to
provide debt financing in an amount up to CAD $400,000.
The debt financing which will be in the form of non-interest
bearing loans with no fixed terms of repayment, will be secured by
the shares of the Company's wholly owned subsidiaries and three
mineral exploration properties located in Sonora, Mexico. The Company will issue a
general security agreement to the lending shareholders. The
financing transaction is a related party transaction and is subject
to regulatory approval.
Funds will be used for further work on the Company's Pilar
project and for general corporate purposes.
"This funding is a viable alternative to raising equity in the
current capital markets and will enable Colibri to continue our
goal of expanding and further confirming our resources: stated
Ronald J. Goguen, President of
Colibri.
For more information about all of our projects please visit:
www.colibriresource.com.
We seek safe harbour.
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
