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  • The placement consisted of 23,482,000 units at $0.10 per unit for proceeds of C$2,348,200
  • A unit consists of one common share and one full share purchase warrant
  • A warrant entitles the investor to acquire one additional common share at $0.15 for two years
  • Colibri is a Canadian-based mineral exploration company focused on acquiring and exploring prospective gold & silver properties in Mexico
  • Colibri Resource Corporation (CBI) opened trading at $0.12 per share

Colibri Resource Corporation (CBI) has closed a non-brokered private placement of 23,482,000 units at $0.10 per unit for proceeds of C$2,348,200.

The units consist of one common share and one full share purchase warrant.

Each warrant entitles the investor to acquire one additional common share at $0.15 for two years from the closing of the private placement.

Proceeds will be used for general corporate purposes and for exploration and evaluation expenditures on the company's properties.

Colibri is a Canadian-based mineral exploration company focused on acquiring and exploring prospective gold & silver properties in Mexico.

Colibri Resource Corporation (CBI) opened trading at $0.12 per share.

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