TSX.V:CBI
DIEPPE, NB, April 16, 2018 /CNW/ - (CBI: TSX-V) Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
provide an update on its Phase 1 drilling of its 2018 drilling
program on its 100% owned Pilar Project in Sonora State Mexico and
announces that it has completed drilling of 5 of the approximately
30 hole drill program. To date, 266 samples have been sent to ALS
labs for assaying.
The Phase 1 drill program is being managed by Colibri's Country
Manager & geologist Jackie E.
Stephens.
The Company also announces that it has granted a total of
3,775,000 stock options at a price of $0.10 per share as follows:
(a)
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1,800,000 options to
directors of the Company, which will vest immediately. These
options expire in ten years;
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(b)
|
1,350,000 to senior
officers of the Company of which 1,250,000 are subject to vesting
provisions over 3 years and 100,000 will vest immediately. These
options expire in 5 years; and
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(c)
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625,000 to a
consultant providing corporate finance advising services to the
Company. These options expire in 5 years and are subject to vesting
over a 2 year period.
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For more information about all of our projects please visit:
www.colibriresource.com.
We seek safe harbour.
About Colibri Resource Corporation:
Colibri is a Canadian mineral exploration company listed on the
TSX-V (CBI) focused on acquiring and exploring properties in
Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither 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 release. The statements made
in this news release may contain forward-looking statements that
may involve a number of risks and uncertainties. Actual events or
results could differ materially from the Company's expectations and
projections.
SOURCE Colibri Resource Corporation