DIEPPE, NB, Oct. 9, 2019 /CNW/ - (CBI-TSXV) Colibri Resource
Corporation ("Colibri" or the "Company") wishes to announce that,
subject to regulatory approval, it has completed a private
placement in the amount of 3,260,000 units for gross proceeds of
$163,000 and incurred cash
commissions of $4,200.
The 5 cent units consist of one
common share and one full share purchase warrant. Each warrant
entitles the investor to acquire one additional common share at
$0.10 for three years from the
closing of the private placement.
The Company may pay finder's fees in connection with this
placement in accordance with TSX Venture Exchange regulations. All
securities issued pursuant to this financing will be subject to
resale restrictions for a period of four months and one day from
closing under applicable securities legislation. Closing of the
financing is subject to TSX Venture Exchange acceptance.
Proceeds of the placement will be primarily used for exploration
activities as well as for general working capital.
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 prospective gold
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
