Colibri Resource Corporation Closes First Tranche of Private Placement

http://www.newswire.ca/news-releases/colibri-resource-corporation-closes-first-tranche-of-private-placement-642986583.html

DIEPPE, N.B., Sept. 7, 2017 /CNW/ – (CBI: TSX-V) – Colibri Resource Corp.(“Colibri” or the “Company”) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement (see the Company’s news release dated August 29, 2017). The Company has issued 4,265,000 units at a price of $0.15 per Unit for gross proceeds of $639,750.00.  Each unit consists of one common share and one warrant.  Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing.  The Units are subject to resale restrictions until January 7, 2018 under applicable securities legislation.

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