Colibri Resource Corporation Announces Private Placement
Colibri Resource Corporation Announces
Private Placement
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
View original content:
http://www.newswire.ca/en/releases/archive/October2019/09/c5349.html
%SEDAR: 00021936E
For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-
4274, [email protected]
CO: Colibri Resource Corporation
CNW 10:26e 09-OCT-19