Dieppe, New Brunswick–(Newsfile Corp. – October 23, 2017) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company’) is pleased to announce that it has retained FronTier Consulting Ltd. (“FronTier”), part of the FronTier Merchant Capital Group, to provide investor relations and marketing services to the Company in compliance with regulatory guidelines.
FronTier is an investor relations company based in Toronto, Canada. FronTier will assist the Company by increasing its market awareness using a number of financial market communications initiatives including facilitating in-person introductions for the Company with institutional and retail brokers in Toronto and other financial centres and through media distribution on national television, radio and multiple on-line channels.
Under the terms of the engagement, FronTier has been retained for a 12-month period at $110,000 (plus applicable sales tax) plus out-of-pocket expenses. The Company has also granted 150,000 stock options to FronTier at an exercise price of $0.15 expiring January 23, 2019. The options will vest in four equal tranches on a quarterly basis and will vest in full on October 23, 2018.