Welcome to our dedicated page for Colibri Resource news (Ticker: CRUCF), a resource for investors and traders seeking the latest updates and insights on Colibri Resource stock.
Colibri Resource Corporation reports on precious-metals exploration and corporate financing activity tied to its mineral property interests in Sonora, Mexico. The company is a Canadian junior mining issuer engaged in the acquisition, exploration, and development of precious metal properties, including its 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project with Tocvan Ventures, and a 60% interest in claims at the Diamante Gold & Silver Project.
Recurring updates cover reverse-circulation drilling, assay results, target areas such as Plomo, San Perfecto and Banco de Oro, and exploration work in the Caborca Gold Belt. Company news also includes capital-structure actions such as debt conversions, convertible debenture units, common share purchase warrants, and reporting-status changes under semi-annual reporting rules for eligible venture issuers.
Canarc Resource Corp. has successfully closed the second tranche of its CAD$8.4 million private placement, raising CAD$5.2 million. This tranche involved 65 million units at CAD$0.08 per unit, which includes insider participation from Chairman Bradford Cooke. Notably, Eric Sprott acquired 12.5 million units for CAD$1 million, increasing his stake to approximately 10.2% of Canarc's shares. The funds will be allocated for exploration and working capital. Shares issued are subject to a four-month hold period. The private placement awaits final acceptance from the Toronto Stock Exchange.