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Financings

Colibri Provides Summary of Over-Subscribed Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Nov 14, 2025 · 16:11 CBI · 0.16 Colibri Resource Corporation
CBI · Price

Executive Summary

  • Colibri Resource Corp. completed an oversubscribed non‑brokered private placement of 9,944,683 units for gross proceeds of C$1,491,702.
  • Units consist of one common share and one warrant (exercise price C$0.25, 24‑month term); finder’s warrants also issued.
  • Net proceeds will fund exploration at the flagship Mexican gold projects (Pilar and EP) and provide general working capital.

Key Details

  • Offering Structure: Each unit = 1 common share + 1 warrant (C$0.25 exercise, 24‑month expiry).
  • Tranche 1: Closed 31 Oct 2025 – 9,004,816 units issued; gross proceeds C$1,350,722.
  • Tranche 2 (final): Closed 5 Nov 2025 – 939,867 units issued; gross proceeds C$140,980.
  • Aggregate: 9,944,683 units sold; total gross proceeds C$1,491,702.
  • Finder’s Compensation: $71,504 in cash fees plus issuance of 476,693 non‑transferable finder’s warrants (same terms as unit warrants).
  • Related Party Purchase: CEO Ian McGavney bought 269,000 units for C$40,350; exempt from MI 61‑101 valuation/approval thresholds.
  • Statutory Hold Period: All common shares, warrants and finder’s warrants subject to a hold period of four months and one day from issuance.
  • Use of Proceeds: Primarily to fund exploration at the EP Gold Project, Pilar Gold & Silver Project, and for general working capital.
  • Regulatory Status: Offering pending final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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