Colibri Resource Corp. wishes to announce that, subject to regulatory approval, it intends to proceed with a non-brokered private placement of 962,500 units at $0.08 per unit for proceeds of CAD $77,000. The units will consist of one common share and one full share purchase warrant. Each warrant entitles the investor to acquire one additional common share at $0.12 for two years from the closing of the private placement
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