Colibri Announces Closing of First Tranche of Its Over-subscribed Non-Brokered Offering and Engages CANMEX for Drilling at EP Gold Project

Core Points - Colibri Resource Corporation has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,350,722 [1][2] - The company issued 9,004,816 units at a price of $0.15 per unit, with each unit consisting of one common share and one warrant [2] - The net proceeds will be utilized for advancing exploration at Colibri's gold projects in Mexico and for general working capital [5] Financing Details - The company will pay finder's fees totaling $71,504 and issue 476,693 Finder's Warrants, each exercisable at $0.25 for 24 months [3] - A related party transaction occurred as Mr. Ian McGavney, Director and CEO, purchased 269,000 units for proceeds of $40,350 [4] Exploration and Drilling Plans - Colibri has engaged CANMEX for the next phase of drilling at the EP Gold Project, focusing on the San Perfecto and Banco de Oro target areas [6][8] - Drill targets have been defined through surface sampling, geological mapping, and geophysical surveys, indicating potential extensions of known mineralized systems [7] Company Overview - Colibri Resource Corporation is a Canadian junior mining company focused on the acquisition, exploration, and development of precious metal properties in Sonora, Mexico [9] - The company holds a 100% interest in the EP Gold Project and a 49% joint venture interest in the Pilar Gold & Silver Project [9]