Colibri Resource Corporation announces non-brokered private placements to issue 8,666,666 units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,299,999.9 and 250 convertible debenture units at a price of CAD 1,300 per unit for gross proceeds of up to CAD 325,000 for aggregate proceeds of CAD 1,624,999.9 on October 6, 2025. Each Warrant will entitle the holder to acquire one common share of the Company at a price of CAD 0.25 per Common Share for a period of 24 months. Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture and 5,300 Warrants.
Each Debenture will bear interest at 10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. Closing of the foregoing offerings is subject to the acceptance of the TSX Venture Exchange. Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing.
The Company anticipates that it may pay certain finder's fees as per the guidelines of the Exchange.
