Colibri Announces $1.625M Non-Brokered Private Placements of Equity Units and Convertible Debenture Units to Advance Mexican Gold Projects
Colibri (OTC:CRUCF) announced two non‑brokered private placements totaling up to C$1.625M / US$1.625M to fund exploration at its Mexican gold projects Pilar and EP and for working capital. The Equity Offering: up to 8,666,666 units at C$0.15 (each unit = 1 common share + 1 warrant exercisable at C$0.25 for 24 months) for gross proceeds up to C$1.3M. The Debenture Offering: up to 250 convertible debenture units at US$1,000 each for gross proceeds up to US$250,000; debentures bear 10% interest, mature in two years, convertible at C$0.25/share with a fixed FX rate of C$1.30/US$1. Approximately C$300,000 of proceeds are expected from former debenture holders and do not represent new money. Closings are subject to TSXV acceptance and standard hold periods.
Colibri (OTC:CRUCF) ha annunciato due collocazioni private non brokerate per un massimo complessivo di C$1,625M / US$1,625M per finanziare l'esplorazione nei progetti d'oro messicani Pilar ed EP e per il capitale circolante. L'offerta di azioni: fino a 8,666,666 unità a C$0,15 (ogni unità = 1 azione comune + 1 warrant exercibile a C$0,25 per 24 mesi) per proventi lordi fino a C$1,3M. L'offerta di cambiali: fino a 250 unità di cambiali convertibili a US$1.000 ciascuna per proventi lordi fino a US$250,000; le cambiali hanno interesse del 10%, scadono in due anni, convertibili a C$0,25/azione con un tasso di cambio fisso di C$1,30/US$1. Si prevedono circa C$300,000 di proventi provenienti da vecchi detentori delle cambiali e non rappresentano nuovi soldi. Le chiusure sono soggette all'accettazione da TSXV e ai periodi di conservazione standard.
Colibri (OTC:CRUCF) anunció dos colocaciones privadas no brokereadas por un total de hasta C$1,625M / US$1,625M para financiar la exploración en sus proyectos mexicanos de oro Pilar y EP y para capital de trabajo. La Oferta de Acciones: hasta 8,666,666 unidades a C$0,15 (cada unidad = 1 acción común + 1 warrant exercible a C$0,25 durante 24 meses) por ingresos brutos de hasta C$1,3M. La Oferta de Bonos: hasta 250 unidades de bonos convertibles a US$1,000 cada una por ingresos brutos de hasta US$250,000; los bonos devengan interés del 10%, vencen en dos años, convertible a C$0,25/acción con un tipo de cambio fijo de C$1,30/US$1. Se esperan aproximadamente C$300,000 de ingresos de los antiguos tenedores de bonos y no representan dinero nuevo. Las finalizaciones están sujetas a la aceptación de TSXV y a los períodos de conservación habituales.
Colibri (OTC:CRUCF)는 멕시코의 Pilar 및 EP 금 프로젝트의 탐사를 위한 자금 조달 및 운전자본 마련을 위해 중개인 없이 두 건의 비공개 배정이 최대 C$1.625M / US$1.625M까지 발표했습니다. 주식공모: 최대 8,666,666주를 C$0.15에 발행(주식 1주 + 24개월간 행사 가능한 워런트 1개가 포함된 1단위)으로 총 수익은 C$1.3M까지. 채권공모: 최대 250 단위의 변환사채를 US$1,000에 각각 발행하여 총 수익은 US$250,000까지; 채권은 10% 이자를 지급하고 2년 만기에 도래하며 C$0.25/주로 변환 가능하고 고정 환율은 C$1.30/US$1 입니다. 이전 채권 보유자로부터 약 C$300,000의 수익이 기대되며 이는 신규 자금이 아닙니다. 종결은 TSXV의 수락 및 표준 보유 기간의 대상입니다.
Colibri (OTC:CRUCF) a annoncé deux placements privés non intermédiaires totalisant jusqu'à C$1,625M / US$1,625M pour financer l'exploration sur ses projets d'or mexicains Pilar et EP et pour le fonds de roulement. L'Offre d'Actions: jusqu'à 8,666,666 unités à C$0,15 (chaque unité = 1 action ordinaire + 1 warrant exercable à C$0,25 pendant 24 mois) pour un produit brut allant jusqu'à C$1,3M. L'Offre d'Obligations: jusqu'à 250 unités d'obligations convertibles à US$1,000 chacune pour un produit brut allant jusqu'à US$250,000; les obligations portent un intérêt de 10%, arrivent à maturité dans deux ans, convertibles à C$0,25/action avec un taux de change fixe de C$1,30/US$1. Environ C$300,000 de produits des porteurs d'anciennes obligations sont attendus et ne représentent pas de nouvel argent. Les clôtures sont soumises à l'acceptation du TSXV et aux périodes de conservation standard.
Colibri (OTC:CRUCF) gab zwei unvermittel t private Platzierungen bekannt, insgesamt bis zu C$1,625M / US$1,625M, um Explorationsmittel für die mexikanischen Goldprojekte Pilar und EP sowie Betriebskapital bereitzustellen. Die Aktienangebot: bis zu 8.666.666 Einheiten zu C$0,15 (jede Einheit = 1 Stammaktie + 1 warrants ausübbar zu C$0,25 für 24 Monate) bei Bruttoerlösen von bis zu C$1,3M. Das Schuldinstrumentenangebot: bis zu 250 Wandelschuldverschreibungen zu je US$1.000 für Bruttoerlöse bis zu US$250,000; Schuldverschreibungen tragen einen Zinssatz von 10%, fällig in zwei Jahren, wandelbar zu C$0,25/Aktie bei festem Wechselkurs von C$1,30/US$1. Ungefähr C$300,000 der Erlöse werden voraussichtlich von früheren Inhabern der Schuldverschreibungen stammen und stellen kein neues Geld dar. Die Abschlussgenehmigungen unterliegen der TSXV-Akzeptanz und normalen Haltefristen.
Colibri (OTC:CRUCF) أعلن عن عمليتي طرح خاصين غير وسيطين بإجمالي يصل إلى C$1.625M / US$1.625M لتمويل الاستكشاف في مشاريعه الذهبية المكسيكية Pilar و EP ولرأس المال العامل. عرض الأسهم: حتى 8,666,666 وحدة بسعر C$0.15 للوحدة (كل وحدة = 1 سهم عادي + 1 ضمان قابلة للممارسة بسعر C$0.25 لمدة 24 شهراً) لإيرادات إجمالية حتى C$1.3M. عرض السندات: حتى 250 وحدة سندات قابلة للتحويل بسعر US$1,000 لكل منها لإيرادات إجمالية حتى US$250,000; السندات تحمل فائدة 10%، وتستحق خلال سنتين، قابلة للتحويل بسعر C$0.25/سهم مع سعر صرف ثابت قدره C$1.30/US$1. من المتوقع أن يحصل من حاملي السندات السابقين على حوالي C$300,000 من العوائد ولا تمثل أموالاً جديدة. الإغلاقات خاضعة لقبول TSXV وفترات الاحتفاظ القياسية.
Colibri (OTC:CRUCF)宣布两项非经纪私募配售，总额最高达C$1.625M / US$1.625M，用于资助其墨西哥金矿项目 Pilar 和 EP 的勘探及运营资金。股权发行：最多8,666,666 股单位，价格为 C$0.15（每单位=1股普通股+1张行权期为24个月、执行价为 C$0.25 的看涨权证），毛募集资金最高为C$1.3M。债券发行：最多250 单位可转债，单价 US$1,000，毛募集资金最高为US$250,000；债券的利息为10%，两年到期，按每股 C$0.25 转换，固定汇率为 C$1.30/US$1。预计约有C$300,000 的募集来自前任债券持有人，不代表新资金。收盘受到 TSXV 的接受和标准锁定期的约束。
- Gross proceeds up to C$1.625M (equity + debentures)
- Debt conversion of ~C$300,000 into equity‑linked securities
- Convertible debentures provide 2‑year financing with optional conversion at C$0.25
- Share dilution: up to 8,666,666 new shares plus large warrant pool
- Not all proceeds are new money: ~C$300,000 from former debenture holders
- High interest cost: debentures bear 10% annual interest payable in cash
Dieppe, New Brunswick--(Newsfile Corp. - October 6, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that it intends to conduct two non-brokered private placements as follows:
- An equity offering (the "Equity Offering") of up to 8,666,666 units (the "Units") at a price of
$0.15 for gross proceeds of up to$1,300,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the Warrants). Each Warrant will entitle the holder to acquire one common share (a "Common Share") of the Company at a price of C$0.25 per Common Share for a period of 24 months. It is anticipated at this time that, of the gross proceeds, approximately$300,000 will be from former debenture holders of the Company whose instruments came due during August 2025 and will not represent new money to the Company. See the Company's news release of August 6, 2025.
- The Company is also intending to conduct a non-brokered private placement of up to 250 convertible debenture units (the "Debenture Units") for gross proceeds of up to US
$250,000 (the "Debenture Offering"). Each Debenture Unit consists of one (1) US$1,000 principal amount10% unsecured convertible debenture (the "Debenture") and 5,300 Warrants. Each Debenture will bear interest at10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). The Debentures are convertible into Common Shares, at the holder's option, at a price C$0.25 per Common Share (the "Conversion Price") at any time prior to the Maturity Date. For purposes of the Conversion Price, the Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal. All interest accrued on the Debentures will be payable in cash only and there can be no conversion of the Debenture interest into Common Shares of the Company. Each Warrant will entitle the holder to acquire one Common Share at a price of C$0.25 per Common Share for a period of 24 months following the closing of the offering.
A significant portion of the offerings are expected to be acquired by former debenture holders whose loans matured in August 2025 (see the Company's news release dated August 6, 2025). This will significantly strengthen the Company's capital structure by converting outstanding obligations into equity-linked securities although this will not represent new money to the Company.
Closing of the foregoing offerings is subject to the acceptance of the TSX Venture Exchange (the "Exchange"). Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing. The Company anticipates that it may pay certain finder's fees as per the guidelines of the Exchange.
The Offering will be conducted by the Company primarily under the "accredited investor" exemption of National Instrument 45-106 -- Prospectus and Registration Exemptions but may use other exemptions if appropriate.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed
Net proceeds will fund exploration at Colibri's flagship Mexican gold projects, including Pilar and EP, and for general working capital.
"This financing provides us with the resources to advance key exploration initiatives at Pilar and EP while also strengthening our balance sheet. We view this as a significant step forward that enables us to deliver on important near-term objectives and continue positioning Colibri for growth," said Ian McGavney, President & CEO of Colibri.
For further details of the Offering, please contact Ian McGavney, President & CEO of the Company at (506) 383-4274 or ianmcgavney@colibriresource.com.
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1)
For more information about all Company projects please visit: www.colibriresource.com.
Contact:
Ian McGavney, President, CEO and Director
Tel: (506) 383-4274
ianmcgavney@colibriresource.com
Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269246
FAQ
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