VANCOUVER, June 1, 2016 /CNW/ - Colibri Resource
Corporation ("Colibri") is pleased to announce that it
intends to carry out a non-brokered private placement financing to
raise gross proceeds of up to $100,000 (the "Financing").
The Financing will consist of up to 1,000,000 units of the
Company (each, a "Unit") at a price of $0.10 per Unit. Each Unit will consist of one
common share and one-half of one whole non-transferable warrant
(each, a "Warrant"). Each Warrant will entitle the holder to
purchase one additional common share of the Company at a price of
$0.15 per share for a period of 24
months following the closing date.
The net proceeds from the Financing will be used for general
working capital purposes.
The Financing is subject to TSX Venture approval. All securities
issued in connection with this Financing will be subject to a
four-month hold period in accordance with securities
regulation.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents
herein.
SOURCE Colibri Resource Corporation