Colibri to Conduct Placement of Debenture Units
Colibri to Conduct Placement of Debenture
Units
Dieppe, New Brunswick--(Newsfile Corp. - February 2, 2026) -
Colibri Resource Corporation
(TSXV:
CBI) ("Colibri" or the "Company") wishes to announce that, further to its news release of October 17,
2025, it will be conducting a revised placement of up to 115 convertible debenture units (the "Debenture
Units") for gross proceeds of up to US$115,000 (the "Debenture Offering"). The Debenture Offering is
expected be taken up in its entirety by former debenture holders whose debentures matured in August
2025. Those persons participating on this basis will not represent new money to the Company.
Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible
debenture (the "Debenture") and 5,200 common share purchase warrants (the "Debenture Warrants").
Each Debenture will bear interest at the rate of 10% per annum, calculated in US dollars, from the date
of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature
on the date that is two (2) years from the date of issuance (the "Maturity Date").
The principal amount of
the Debentures are convertible into Common Shares, at the holder's option, at the rate C$0.25 per
Common Share (the "Conversion Price") any time prior to the Maturity Date. For purposes of the
Conversion Price, the Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of the
principal amount. All interest accrued on the Debentures will be payable in cash only and there can be no
conversion of the Debenture interest into Common Shares of the Company. Each Debenture Warrant
will entitle the holder to acquire one Common Share at a price of C$0.25 per Common Share for a
period of 24 months following the closing of the offering.
This placement is subject to TSXV consent. Securities issued under the Debenture Offering will be
subject to a statutory four-month-and-one-day hold period. No finder's fees will be payable in connection
with this placement.
About Colibri Resource Corporation
Colibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX
Venture Exchange (TSXV: CBI) and focused on acquiring, exploring, and developing prospective gold
and silver properties in Mexico. The Company holds four high-potential precious-metal projects: (1)
100% ownership of the EP Gold Project in the prolific Caborca Gold Belt, (2) 49% of the Pilar Gold &
Silver Project (near-term production potential), and (3) a 60% interest in the Diamante Gold & Silver
Project in the Sierra Madre region.
For more information, please visit:
www.colibriresource.com
Contact:
Ian McGavney
President, CEO & Director
Tel: (506) 383-4274
Email:
Forward-Looking Statements
Neither the 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 news
release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved
the information contained herein. This news release includes certain "forward-looking statements".
These statements are based on information currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations. Forward- looking
statements include estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a stated condition or
result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to, among other things, results of exploration,
project development, reclamation and capital costs of the Company's mineral properties, and the
Company's financial condition and prospects, could differ materially from those currently anticipated in
such statements for many reasons such as: changes in general economic conditions and conditions in
the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments; technological and operational
difficulties encountered in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-
looking statements. These and other factors should be considered carefully, and readers should not
place undue reliance on the Company's forward-looking statements. The Company does not undertake
to update any forward-looking statement that may be made from time to time by the Company or on its
behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/282432