Colibri's New Private Placement: Fueling Exploration and Growth in Mexico's Precious Metals Sector

Colibri Resource Corporation (TSXV: CBI), a Canadian-based mineral exploration company focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico, has announced a new non-brokered private placement. This strategic move aims to raise funds for upcoming exploration expenses at the Company's highly prospective precious metals projects in Mexico, including the Pilar Gold Project and the EP Gold Project, as well as for working capital. The Company is offering 10,000,000 units at a price of $0.025 per unit, with each unit consisting of one common share and one common share purchase warrant. The warrants are exercisable at a price of C$0.05 per common share for a period of 24 months following the closing of the offering.



Colibri's new private placement comes on the heels of the Company's recent announcement of final acceptance from the TSX Venture Exchange (TSXV) for a prior private placement. The Company also corrected the disclosure of the prior private placement, which was originally announced on August 23, 2024. The corrected disclosure shows that a total of 6,110,000 units were sold for gross proceeds of $305,500, instead of the previously stated 550,000 units. This correction increases the total funds raised by the company through the private placement by $270,000, strengthening the Company's financial position and supporting its exploration expenses and working capital needs.

The net proceeds from the new private placement will be used primarily for exploration expenses at Colibri's precious metals projects in Mexico. The Company's focus on exploration aligns with its growth strategy, as it aims to uncover new resources and reserves, which can lead to increased production and revenue in the future. Additionally, a portion of the net proceeds will be used for working capital, ensuring the Company has the necessary funds to support its day-to-day operations and continued growth.

Colibri's new private placement is a strategic move that enables the Company to secure necessary funds for exploration and development activities, which are crucial for its growth and success in the precious metals sector. By raising funds through this private placement, Colibri is well-positioned to continue its exploration efforts and maintain its growth trajectory in Mexico's promising precious metals sector.

In conclusion, Colibri's new non-brokered private placement is a strategic move that aligns with the Company's growth strategy, enabling it to raise funds for exploration expenses and working capital. With the corrected disclosure of the prior private placement, the Company's financial position is strengthened, supporting its exploration efforts and working capital needs. Colibri's focus on exploration and development activities positions it well for success in Mexico's precious metals sector.