Colibri announces that trading of its shares will resume May 18, 2017
Colibri announces that trading of its shares will resume May 18, 2017
DIEPPE, NB
,
May 17, 2017
/CNW/ - (CBI: TSX-V) Colibri Resource Corporation ("Colibri" or the "Company") is pleased to announce that it has received
confirmation from the TSX Venture Exchange (the "Exchange") that its common shares will resume trading at the open on
Thursday May 18, 2017
. The
Exchange states that it has received satisfactory documentation in respect of the letter of intent dated
December 15, 2016
between the Company, Canadian Gold
Resources Ltd. (CGR) and Ontop Capital Limited ("Ontop"), under which Colibri has agreed to acquire all of the issued and outstanding shares of CGR from
Ontop (the "Transaction").
Completion of the Transaction is subject to a number of conditions, including minority shareholder approval at Colibri's Annual General and Special Meeting on
June 15, 2017
and final Exchange acceptance.
Further details of the Transaction and the matters requiring shareholder approval will be provided in the management information circular to be mailed to
Shareholders connection meeting of the Company's shareholders, which will be available on SEDAR on or after
May 18
, 2017. Please also see the news releases
dated
December 16, 2016
and
April 3, 2017
, which are posted on Colibri's profile on SEDAR.
The acquisition of CGR by Colibri will give the Company a 100% interest in the Pilar Gold Project in
Mexico
, which is an advanced exploration project. CGR owns
the Pilar and Sun Properties with no royalties or encumbrances on the properties. The Pilar property has had extensive exploration over the past ten years
including approximately 15,000 meters of diamond and reverse circulation drilling.
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
.
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 Corp.(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, exploration and financial results may differ materially from any estimates and projections.
SOURCE
Colibri Resource Corporation
View original content: http://www.newswire.ca/en/releases/archive/May2017/17/c6945.html
%SEDAR: 00021936E
For further information:
Edward Stringer, President, CEO and Director, Tel: (506) 383-4274, [email protected]
CO: Colibri Resource Corporation
CNW 16:13e 17-MAY-17