Colibri Upsizes Fully Subscribed Unit Offering; Will Conduct Closing in Two Tranches

Core Points - Colibri Resource Corporation has increased its unit offering from 8,333,333 units to 10,000,000 units due to strong investor demand, aiming for gross proceeds of approximately $1,500,000 at a price of $0.15 per unit [1][2] - The offering will be conducted in two tranches, with the first tranche expected to close by the end of October and the second by mid-November [1] Unit Offering Details - Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional common share at a price of C$0.25 for 24 months [2] - Insiders may participate in the offering, which will be considered a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [3] Regulatory and Compliance Information - Securities issued will be subject to a statutory hold period of four months and one day, and the company may pay finder's fees in accordance with TSX Venture Exchange policies [4] - The unit offering is subject to approval by the TSX Venture Exchange [4] Company Overview - Colibri Resource Corporation is a Canadian mineral exploration company focused on gold and silver properties in Mexico, holding four high-potential projects [5]