Colibri Announces Increase in Equity Offering Due to Strong Investor Demand; Progress Toward Selection of Drilling Contractor for EP Gold Project
Colibri (CRUCF) increased its non-brokered equity unit offering from 8,666,666 units to 11,500,000 units at $0.15 per unit, with each unit comprising one share and one warrant exercisable at $0.25 for 24 months. The increase reflects strong investor demand from new subscribers and former debenture holders.
The company narrowed its drilling-contractor selection to two firms for the fully permitted, drill-ready EP Gold Project and expects to finalize an agreement this week. Based on closing the equity offering, the upcoming drill program is expected to be fully financed.
The company noted possible insider participation constituting a related-party transaction under MI 61-101 but expects an exemption from formal valuation and minority approval. Securities will be subject to a four-month-and-one-day hold and TSXV acceptance is required for closing.
Colibri (CRUCF) ha aumentato la sua offerta di unità azionarie non brokerate da 8.666.666 unità a 11.500.000 unità a 0,15 dollari per unità, ogni unità comprende una azione e un warrant exercitabile a 0,25 dollari per 24 mesi. L'aumento riflette una forte domanda da parte di nuovi sottoscrittori e precedenti detentori di obbligazioni convertibili.
L'azienda ha ristretto la selezione dei fornitori di trivellazione a due società per il EP Gold Project pienamente autorizzato e pronto per la trivellazione e prevede di finalizzare un accordo questa settimana. Basandosi sul closing dell'offerta di equity, il prossimo programma di trivellazione dovrebbe essere interamente finanziato.
L'azienda ha segnalato una possibile partecipazione di insider costituisca una transazione con parti correlate ai sensi MI 61-101, ma si aspetta un'esenzione dalla valutazione formale e dall'approvazione delle minoranze. Le securities saranno soggette a un hold di quattro mesi e un giorno e l'accettazione da parte del TSXV è necessaria per la chiusura.
Colibri (CRUCF) aumentó su oferta de unidades de capital no brokeradas de 8.666.666 unidades a 11.500.000 unidades a $0,15 por unidad, cada unidad comprende una acción y un warrant exercizable a $0,25 por 24 meses. El incremento refleja una fuerte demanda de inversores nuevos suscriptores y antiguos tenedores de bonos convertibles.
La compañía redujo la selección de contratistas de perforación a dos firmas para el EP Gold Project plenamente autorizado y listo para perforar y espera finalizar un acuerdo esta semana. Basándose en el cierre de la oferta de equity, se espera que el próximo programa de perforación esté completamente financiado.
La empresa señaló una posible participación de insiders que constituye una transacción entre partes relacionadas bajo MI 61-101, pero espera una exención de la valoración formal y de la aprobación de las minorías. Los valores mobiliarios estarán sujetos a una retención de cuatro meses y un día y se requiere la aceptación de TSXV para el cierre.
Colibri (CRUCF)가 비중개(non-brokered) 주식 유닛 제공을 8,666,666 유닛에서 11,500,000 유닛으로, 유닛당 $0.15로 증가시켰으며 각 유닛은 주식 한 장과 $0.25의 행사권을 24개월간 가지는 워런트를 포함합니다. 이 증가는 신규 구독자와 기존 채권 보유자의 강한 수요를 반영합니다.
회사는 완전히 허가를 받고 시추 준비가 된 EP Gold Project의 시추업체 선정에서 두 곳으로 축소했고 이번 주에 계약을 마무리할 것으로 기대합니다. 주식 공모의 마감을 바탕으로 다가오는 시추 프로그램은 전면적인 자금 조달이 될 것으로 보입니다.
회사는 MI 61-101에 따른 관련당사자 거래를 구성하는 내부자 참여 가능성을 언급했으나 정식 평가 및 소수 주주 승인의 면제를 기대합니다. 증권은 4개월 1일의 보유제한 하에 있으며 마감에는 TSXV의 승인이 필요합니다.
Colibri (CRUCF) a augmenté son offre d’unités d’actions non intermédiées par les courtiers (non-brokered) de 8 666 666 unités à 11 500 000 unités à 0,15 $US par unité, chaque unité comprenant une action et un warrant exerçable à 0,25 $US pendant 24 mois. Cette hausse reflète une forte demande des nouveaux souscripteurs et d’anciens porteurs de debentures convertibles.
La société a réduit sa sélection d’entrepreneurs de forage à deux sociétés pour le EP Gold Project pleinement autorisé et prêt pour le forage et prévoit de finaliser un accord cette semaine. En se fondant sur la clôture de l’offre d’actions, le programme de forage à venir devrait être entièrement financé.
La société a noté une participation potentielle d’insiders constituant une transaction avec une partie liée au titre du MI 61-101 mais s’attend à une exemption de l’évaluation formelle et de l’approbation des minoritaires. Les titres seront soumis à une retenue de quatre mois et un jour et l’acceptation par le TSXV est requise pour la clôture.
Colibri (CRUCF) hat sein Angebot an nicht-brokered Equity Units von 8.666.666 Einheiten auf 11.500.000 Einheiten erhöht, zu $0,15 pro Einheit; jede Einheit besteht aus einer Aktie und einem warrant, der für $0,25 in 24 Monaten ausgeübt werden kann. Die Erhöhung spiegeln eine starke Investoren-Nachfrage von neuen Abonnenten und ehemaligen Anleihegläubigern wider.
Das Unternehmen hat die Auswahl des Bohrunternehmers auf zwei Firmen für das vollständig genehmigte, bohrbereite EP Gold Project eingegrenzt und erwartet, diese Woche eine Vereinbarung abzuschließen. Basierend auf dem Closing des Equity Offerings wird das kommende Bohrprogramm voraussichtlich vollständig finanziert sein.
Das Unternehmen wies auf eine mögliche Teilnahme von Insidern hin, die eine Transaktion mit einem nahestehenden Unternehmen gemäß MI 61-101 darstellt, rechnet jedoch mit einer Befreiung von formeller Bewertung und Minderheiten- genehmigung. Wertpapiere unterliegen einer Vier-Markten-ein-Tages-Haltefrist, und die TSXV-Akzeptanz ist für den Abschluss erforderlich.
Colibri (CRUCF) زادت عرض وحداتها الأسهمية غير الوسيطة (غير الوساطة) من 8,666,666 وحدة إلى 11,500,000 وحدة بسعر $0.15 للوحدة، وتتكون كل وحدة من سهم واحد وutterان قابل للتنفيذي بسعر $0.25 لمدة 24 شهرًا. يعكس الارتفاع طلبًا قويًا من مشترين جدد ومصدرين سابقين للسندات القابلة للتحويل.
قلّصت الشركة اختيار مقاول الحفر إلى شركتين لمشروع EP Gold Project المصرّح بالكامل والقابل للحفر، وتتوقع إنهاء اتفاق هذا الأسبوع. استنادًا إلى إغلاق عرض الأسهم، من المتوقع أن يتم تمويل برنامج الحفر القادم بالكامل.
أشارت الشركة إلى احتمال مشاركة من داخلية تشكل معاملة مع طرف ذي صلة وفقًا لـ MI 61-101 لكنها تتوقع حصل استثناء من التقييم الرسمي وموافقة الأقلية. ستخضع الأوراق المالية لقيد حيازة لمدة أربعة أشهر ويوم واحد ويستلزم قبول TSXV الإغلاق.
Colibri (CRUCF) 将其非经纪股本单位（non-brokered equity units）发行数量从 8,666,666 单位增至 11,500,000 单位，每单位价格为 $0.15，每单位包含一股和一份可在24个月内按 $0.25 行使的认股权证。此次增发反映新投资者及前可转换债券持有人的强劲需求。
公司将钻探承包商筛选缩减为两家，以执行完全获批、可钻探的 EP Gold Project，并预计本周完成协议。若完成股本发行，未来的钻探计划预计将获得全部资金。
公司指出可能存在内部人士参与，构成根据 MI 61-101 的关联交易，但预计可获得对正式估值和少数股东批准的豁免。证券将受四个月零一天的锁定期约束，完成需获得 TSXV 的批准。
- Equity offering increased to 11,500,000 units at $0.15
- Offering proceeds of approximately $1.725M if fully subscribed
- Upcoming EP Gold drill program expected fully financed on closing
- Drill-contractor selection narrowed; agreement expected this week
- Issuance of 11.5M units (shares + warrants) will increase outstanding securities
- Closing subject to TSX Venture Exchange acceptance and timing uncertainty
- Possible insider participation creates a related-party transaction under MI 61-101
Dieppe, New Brunswick--(Newsfile Corp. - October 16, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to provide an update regarding the status of its previously announced non-brokered private placements of equity units and convertible debenture units as described in the Company's news release dated October 6, 2025.
Since the announcement, the Company has received strong investor demand in the equity units from both new subscribers and former debenture holders. As a result, the Company is increasing the size of the offering of the equity units from 8,666,666 units to 11,500,000 units at a price of
The Company also reports that it has narrowed its selection to two drilling contractors for the upcoming program at its EP Gold Project and expects to finalize an agreement this week. The EP Gold Project is fully permitted and considered drill-ready, with the program designed to expand upon known mineralized zones and test additional high-priority targets identified from field and geophysical work. Based on closing of the equity unit offering, the upcoming drill program is expected to be fully financed.
The Company is encouraged by the high level of engagement and confidence shown by both new and existing investors. Management anticipates closing the book to new subscriptions in the near term, with closing to follow promptly thereafter, subject to the acceptance of the TSX Venture Exchange.
Ian McGavney, President & CEO, commented, "We are very pleased with the response to this financing. The strong participation from both new investors and long-term supporters underscores growing confidence in Colibri's direction. These funds will position us to advance exploration at the EP Gold Project and Pilar while strengthening our balance sheet and maintaining momentum toward our next milestones."
Certain insiders of the Company may acquire units in the Offering. Any participation by insiders 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 securities subscribed for by insiders, nor the consideration paid, is expected to exceed
All other terms of the Offering remain as previously announced. Securities issued will be subject to a statutory four-month-and-one-day hold period. The Company may pay finder's fees in accordance with TSX Venture Exchange policies.
About Colibri Resource Corporation
Colibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (TSXV: CBI) and focused on acquiring, exploring, and developing prospective gold and silver properties in Mexico. The Company holds four high-potential precious-metal projects: (1)
For more information, please visit: www.colibriresource.com
Contact:
Ian McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: 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/270690
FAQ
How many equity units did Colibri (CRUCF) increase its offering to on October 16, 2025?
What are the warrant terms attached to the Colibri (CRUCF) equity units?
Will the EP Gold Project drill program be funded after the Colibri (CRUCF) financing?
When does Colibri (CRUCF) expect to select a drilling contractor for EP Gold?
Is insider participation allowed in Colibri's (CRUCF) offering and what are the implications?
What regulatory or closing conditions affect Colibri's (CRUCF) private placement?
