Colibri Resource Completes First Tranche of Private Placement

The latest update is out from Colibri Resource ( (TSE:CBI) ).

Colibri Resource Corporation has completed the first tranche of a non-brokered private placement, raising $140,400 by issuing 5,616,000 units at $0.025 per unit. The proceeds will be used for exploration expenses at its projects in Mexico and to pay creditors. The company anticipates a second tranche, pending TSX Venture Exchange acceptance.

More about Colibri Resource

Colibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange. It focuses on acquiring, exploring, and developing gold and silver properties in Mexico. The company holds interests in four high potential precious metal projects, including the EP Gold Project and the Pilar Gold & Silver Project.

YTD Price Performance: 75.00%

Average Trading Volume: 111,530

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$3.64M

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