Colibri Announces Closing of Non-Brokered Private Placement

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Colibri Resource Corp. has closed its previously announced non-brokered private placement of one million units for total proceeds of up to $100,000 at 10 cents per unit. Each unit comprises one common share of the company and one-half of one whole warrant to purchase an additional share at a price of 15 cents per share if exercised within the two years.

The proceeds from the private placement will be used for general working capital, payment of service provider and regulator fees, as well as costs relating to maintain Colibri’s operations. No part of the proceeds will be used to pay management fees or to pay related parties of the company.

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