Core Insights - Colibri Resource Corporation has announced an increase in its equity offering due to strong investor demand, raising the offering size from 8,666,666 units to 11,500,000 units at a price of $0.15 per unit [2][3] - The company is in the final stages of selecting a drilling contractor for its EP Gold Project, which is fully permitted and drill-ready, with plans to expand known mineralized zones and test additional high-priority targets [3][5] - Management expresses confidence in the financing response, indicating that the funds will support exploration at the EP Gold Project and strengthen the company's balance sheet [5][6] Equity Offering Details - The equity units consist of one share and one common share purchase warrant, with each warrant allowing the holder to acquire one common share at a price of $0.25 for a period of 24 months [2][3] - The company anticipates closing the book to new subscriptions soon, with the closing of the offering subject to the acceptance of the TSX Venture Exchange [4][6] Drilling Program Update - The EP Gold Project is ready for drilling, and the upcoming program is expected to be fully financed through the equity offering [3][5] - The company has narrowed its selection to two drilling contractors and expects to finalize an agreement shortly [3][5] Company Overview - Colibri Resource Corporation is focused on acquiring, exploring, and developing gold and silver properties in Mexico, holding four high-potential projects including the EP Gold Project and the Pilar Gold & Silver Project [7]