CORRECTION FROM SOURCE: Colibri Reports Delay in Filing Year-End Financials This news release supersedes the news release filed on SEDAR on
CORRECTION FROM SOURCE: Colibri Reports
Delay in Filing Year-End Financials
This news release supersedes the news release filed on SEDAR on May 6, 2022.
Notwithstanding the date of this news release, a news release was disseminated on April 29, 2022,
announcing the delay in the Company's annual filings.
Dieppe, New Brunswick--(Newsfile Corp. - May 9, 2022) - Colibri Resource Corporation (TSXV: CBI)
("Colibri" or the "Company") wishes to announce that the filing of its annual audited financial statements
and accompanying MD&A for the year ended December 31, 2021 (the "Required Filings") has been
delayed. As a result, the Company expects to be noted in default under applicable securities legislation.
The delay in the timely completion of the Required Filings has been primarily due to unforeseen cross
border reporting and procedural requirements involving the Company's operations in Mexico. The
Company and its advisors are working diligently to complete such work and intends to make the
Required Filings as soon as possible.
Unfortunately, the Company was only notified of these audit issues very recently, and consequently,
insufficient time remained for the preparation and filing of an application for a management cease trade
order.
Once a default is noted, it is expected that the New Brunswick Financial and Consumer Services
Commission (the "FCNB") will issue a failure-to-file cease trade order ("FFCTO") that that prohibits
trading in, and the acquisition or purchase of, securities of the Company. When issued, the Company
expects the FFCTO to affect trading in all securities of the Company in Canada and to remain in effect
until such time as the Company has made the Required Filings. The Company will issue a further news
release when the Required Filings have been made.
About Colibri Resource Corporation
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on
acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration
projects of which five currently have exploration programs being executed in 2022. (1) The flagship
Evelyn Gold Project is 100% owned and explored by Colibri, (2) the Pilar Gold & Silver Project (optioned
to Tocvan Ventures Corp. - (CSE: TOC), (3) the El Mezquite Gold & Silver Project, (4) the Jackie Gold &
Silver Project, and (5) the Diamante Gold & Silver Project. 3,4, and 5 are subject to earn-in agreements
by Silver Spruce Resources Inc. - (TSXV: SSE).
For more information about all Company projects please visit:
www.colibriresource.com
.
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
release.
Forward-Looking Statements
This news release contains forward-looking statements and information (collectively, "forward-looking
statements"), within the meaning of applicable securities laws, concerning future operations of Colibri,
the current Board and management's plans, next steps, and vision for the Company. Although Colibri
believes that the expectations reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties, and undue reliance should not be placed on such statements.
Certain material factors or assumptions are applied in making forward-looking statements and all
forward-looking statements concerning the Company's future plans and operations, including
management's assessment of the Company's expectations or beliefs may be subject to certain
assumptions, risks and uncertainties beyond the Company's control. Forward-looking statements are
based on the beliefs, assumptions, opinions and expectations of Colibri's management at the time they
are made. Actual results could differ materially from those anticipated in these forward-looking
statements as a result of numerous risks and uncertainties. Readers are cautioned that any such
statements are not guarantees of future performance and that actual performance and exploration and
financial results may differ materially from any estimates or projections. Such statements include, among
others: delays and other risks related to construction activities and operations; timing and receipt of
regulatory approvals of operations; the ability of the Company and other relevant parties to satisfy
regulatory requirements; the availability of financing for proposed transactions, programs and working
capital requirements on reasonable terms; the ability of third-party service providers to deliver services
on reasonable terms and in a timely manner; market conditions and general business, economic,
competitive, political and social conditions Readers are cautioned not to place undue reliance on
forward-looking statements. The forward-looking statements contained herein are expressly qualified by
this cautionary statement and are made as of the date of this News Release. Colibri does not assume
any obligation to update any forward-looking statement or information should those beliefs, assumptions,
opinions or expectations, or other circumstances change, except as required by law.
For further information, please contact:
Ronald J. Goguen, President, CEO and Director
Tel: (506) 383-4274
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/123252