Colibri Announces Closing of Second Tranche of Its Over-subscribed Non-Brokered Offering

Executive Summary

• Colibri Resource Corporation closed a second tranche of its non‑brokered private placement, raising $140,980 in gross proceeds.
• Combined with the first tranche, total gross proceeds from the offering now equal $1,491,702.
• Net proceeds are earmarked for exploration at the company’s flagship Mexican gold projects (Pilar and EP) and general working capital.

Key Details

• Tranche 2 Size: 939,867 units sold at $0.15 per unit, generating $140,980 gross proceeds.
• Unit Composition: Each unit consists of one common share and one common‑share purchase warrant.
• Warrant Terms: Warrants allow the holder to purchase an additional common share at C$0.25 for 24 months after issuance.
• Total Offering Gross Proceeds: $1,491,702 (Tranche 1 closed Oct 31 2025 plus Tranche 2).
• Use of Net Proceeds: Fund exploration activities on the Pilar and EP gold projects in Mexico; provide general working capital.
• Statutory Hold Period: Shares and warrants subject to a hold period expiring four months and one day after closing.
• Regulatory Condition: Completion of the offering remains subject to final acceptance by the TSX Venture Exchange.
• No Finder’s Fees/Commissions: No fees or commissions were paid in connection with Tranche 2.

Notable Quotes

(No direct quotes included in the release.)