Canada NewsWire
DIEPPE, NB, March 16, 2018
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
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