Colibri Resource Corporation Closes Second Tranche of Over- Subscribed Private Placement
Colibri Resource Corporation Closes Second Tranche of Over-
Subscribed Private Placement
DIEPPE, NB
,
March 16, 2018
/CNW/ - (CBI: TSX-V) – Colibri Resource Corporation ("Colibri" or the "Company") is very pleased to
announce that it has closed an over-subscribed second tranche on its previously announced financing (see the Company's news releases of
March
2
and
March 9, 2018
). The Company has issued an additional 1,350,000 units at
$0.10
per unit for gross proceeds of
$135,000
. Total gross
proceeds raised between the first and second tranches is
$1,212,098
.
The units consist of 1 common share and 1 common share purchase warrant. Each warrant entitles the holder to acquire one additional common
share at
$0.15
for 5 years from the closing of the private placement.
No finder's fees were payable on the second tranche of this financing.
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. Final closing of the financing is subject to TSX Venture Exchange approval.
The funds raised from this equity issuance will be used for Phase 1 of an infill and exploration drilling program at the Company's Pilar Project in
Sonora State,
Mexico
as well as for general working capital.
For more information about all of our projects please visit:
www.colibriresources.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
View original content: http://www.newswire.ca/en/releases/archive/March2018/16/c3764.html
%SEDAR: 00021936E
For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, [email protected]
CO: Colibri Resource Corporation
CNW 09:00e 16-MAR-18