Colibri announces that trading of its shares will resume May 18, 2017

http://www.newswire.ca/news-releases/colibri-announces-that-trading-of-its-shares-will-resume-may-18-2017-622829193.html

DIEPPE, NB, May 17, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that it has received confirmation from the TSX Venture Exchange (the “Exchange”) that its common shares will resume trading at the open on Thursday May 18, 2017.  The Exchange states that it has received satisfactory documentation in respect of the letter of intent dated December 15, 2016 between the Company, Canadian Gold Resources Ltd. (CGR) and Ontop Capital Limited (“Ontop”), under which Colibri  has agreed to acquire all of the issued and outstanding shares of CGR from Ontop (the “Transaction”).

Completion of the Transaction is subject to a number of conditions, including minority shareholder approval at Colibri’s  Annual General and Special Meeting on June 15, 2017 and final Exchange acceptance.

Further details of the Transaction and the matters requiring shareholder approval will be provided in the management information circular to be mailed to Shareholders connection meeting of the Company’s shareholders, which will be available on SEDAR on or after May 18, 2017. Please also see the news releases dated December 16, 2016 and April 3, 2017, which are posted on Colibri’s profile on SEDAR.

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