Colibri Provides Summary of Over-Subscribed Non-Brokered Private Placement
Colibri Provides Summary of Over-Subscribed
Non-Brokered Private Placement
Dieppe, New Brunswick--(Newsfile Corp. - November 14, 2025) - Further to its news release of
November 7, 2025, Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to
provide a full summary of its recently completed over-subscribed non-brokered private placement (the
"Offering") of units (the "Units").
Each Unit is comprised of one (1) common share (a "Common Share") and one (1) common share
purchase warrant ("Warrants") of the Company. Each Warrant entitles the holder to acquire one
additional Common Share of the Company at a price of C$0.25 for a period of 24 months upon
issuance.
The Company closed two tranches of the Offering: (a) a first tranche which closed on October 31, 2025
with the Company issuing 9,004,816 Units for gross proceeds of $1,350,722 with closing being
announced by news release on November 3, 2025; and (b) a second and final tranche which closed on
November 5, 2025 with the Company issuing 939,867 Units for gross proceeds of $140,980 with closing
being announced by news release on November 7, 2025. Between the two tranches, the Company sold
an aggregate of 9,944,683 Units for gross proceeds of $1,491,702.
In connection with the Offering, the Company has agreed to pay finder's fees totalling $71,504 and issue
476,693 non-transferable finder's warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the
holder to acquire one Common Share of the Company at a price of C$0.25 for a period of 24 months
following issuance.
Mr. Ian McGavney, director and CEO of the Company, purchased 269,000 Units at a cost of $40,350.
His participation constitutes a related party transaction under Multilateral Instrument 61-101 - Protection
of Minority Security Holders in Special Transactions ("MI 61-101") which would normally be subject to
formal valuation and minority shareholder approval requirements but is exempt pursuant to subsections
5.5(a) and 5.7(a) of MI 61-101 as the value of his purchase does not exceed 25% of the Company's
market capitalization.
The Common Shares, Warrants and Finder's Warrants are subject to a statutory hold period expiring on
the date that is four months and one day upon issuance. The Offering is subject to final TSX Venture
Exchange acceptance.
Net proceeds will be used to fund the exploration at Colibri's flagship Mexican gold projects, including
Pilar and EP, and for general working capital.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the
acquisition, exploration, and development of precious metal properties in Sonora, Mexico. The
Company holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold &
Silver Project, and an additional 60% interest in the highly prospective claims at Diamante Gold & Silver
project. Colibri is committed to advancing its portfolio through systematic exploration programs in one of
Mexico's most prolific mining districts.
For more information about all Company projects please visit:
www.colibriresource.com
.
For further information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274,
.
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.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements". Statements in this press release which are not
purely historical are forward-looking statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These forward-looking statements are made as of
the date of this news release, and the Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those projected in the forward-
looking statements. Although the Company believes that the plans, expectations and intentions
contained in this press release are reasonable, there can be no assurance that they will prove to be
accurate.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274633