Corporate News
July 18, 2011
Vancouver, British Columbia – July 18, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the appointment of Dr. Paul J. Bartos as Director. Dr. Bartos is a noted authority on epithermal deposits and currently is the Vice President/ Chief Geologist of Esperanza Resources Corp. where he was instrumental in the discovery of the San Luis bonanza vein deposit. This deposit, which was recently sold to Silver Standard Resources, has proven and probable reserves of 503,313 tonnes averaging 17.95 g/t Au, 446.14 g/t Ag (290,484 ounces gold, 7,219,435 ounces silver). San Luis represents one of the highest grade precious metal deposits found in recent years. Prior … Continue reading →
July 15, 2011
Vancouver, British Columbia – July 15, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce that it has retained Longwave Analytics Inc. to provide investor relations services to the Company. The agreement is for a six month term, pursuant to which, Longwave Analytics will be paid $6,500 per month. Ian Gordon, President of Longwave Analytics, owns 2,312,500 shares of Colibri and 2,050,000 share purchase warrants exercisable until April 6, 2013. In addition, Longwave Strategies Inc., a company related to Longwave Analytics, owns 250,000 shares of Colibri and 811,750 share purchase warrants exercisable until April 6, 2013, and Janice Advent, President of Longwave Strategies, owns 1,050,000 shares … Continue reading →
May 30, 2011
Vancouver, British Columbia — May 30, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce that all of the conditions to the Earn-In and Shareholders Agreement dated February 28, 2011, as amended on March 24, 2011 and April 14, 2011 (the “Agreement”) between the Company and Agnico-Eagle Mines Ltd. (“Agnico-Eagle”) have been fulfilled. Pursuant to the Agreement, Agnico-Eagle may acquire up to a 75% interest in the Company’s Colibri gold project in Sonora, Mexico (the “Colibri Project”) and form a joint venture with the Company by making qualified exploration expenditures and payments to Colibri. To earn a 75% interest in the Colibri Project, Agnico-Eagle is required … Continue reading →
April 7, 2011
Vancouver, British Columbia — April 7, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the closing of its previously announced non-brokered private placement (the “Private Placement”) of units (each, a “Unit”). In total, the Company issued an aggregate of 12,000,000 Units at a price of $0.20 per Unit for gross proceeds of $2,400,000. Each Unit issued pursuant to the Private Placement consists of one common share (each, a “Common Share”) of the Company and one share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share at an exercise price of $0.35 per Common Share until April 6, 2013. In the event … Continue reading →
March 4, 2011
Vancouver, British Columbia — March 4, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange (the “TSX-V”), a non-brokered private placement (the “Private Placement”) of up to 12,000,000 units at a price of $0.20 per unit for gross proceeds of up to $2,400,000. Each unit sold in the Private Placement will consist of one common share of the Company and one share purchase warrant, providing the holder with the right to purchase one additional Colibri common share for $0.35 per share for a period of 24 months from the closing of the … Continue reading →
March 2, 2011
Vancouver, British Columbia – March 2, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the signing of an Earn-In and Shareholders Agreement dated February 28, 2011 (the “Agreement”) with Agnico-Eagle Mines Ltd. (“AEM”) which agreement reflects the terms of the letter of intent entered into between Colibri and AEM in December 2010. Pursuant to the Agreement, AEM may acquire up to a 75% interest in the Company’s Colibri gold project in Sonora, Mexico (the “Colibri Project”) and form a joint venture with the Company by making qualified exploration expenditures and payments to Colibri. To earn a 75% interest in the Colibri Project, AEM is required … Continue reading →
December 7, 2010
Colibri Resource Corporation and Agnico-Eagle Mines Ltd. (AEM) have signed a Letter of Intent (LOI) that allows AEM to acquire up to 75 percent of the Colibri gold claim in Sonora, Mexico and form a joint venture by making qualified exploration expenditures and payments to Colibri. AEM currently operates 6 gold mines and will produce in excess of one million ounces of gold in 2010, including production from the Pinos Altos mine in Chihuahua, Mexico. This LOI is conditional upon the approval of AEM’s and Colibri’s Board of Directors, the completion of due diligence by AEM and approval by the TSX-Venture Exchange. The Colibri claim, centered within the Sonora gold … Continue reading →
April 16, 2010
VANCOUVER, Apr.16 /CNW/ Colibri Resource Corp. has contracted SJ Geophysics to conduct a geophysical survey on the Leon Project in Sonora, Mexico. The survey will measure the ambient magnetic field over most of the project area, approximately 4,000 hectares and 200 line kilometers (km). In porphyry molybdenum and porphyry copper systems such as the Leon Project, mineralization is commonly associated with anomalous magnetic characteristics. The company plans to conduct geologic mapping, rock sampling and to extend the soil sampling grid at the same time (see February 13th, 2008 news release at www.colibriresourcecorp.com). The Leon Project claims are contiguous to the Creston Moly Corporation El Creston deposit, currently in the advanced … Continue reading →
February 1, 2010
Colibri Resource Corporation is pleased to welcome Ronald Goguen, Sr., President, CEO and Chairman of the Board of Landdrill International Inc. to our Board of Directors. Mr. Goguen is the founding shareholder of Landdrill International Inc’s predecessor company, and he has been President & CEO of Landdrill since taking them public in March 2006. Ron purchased his first exploration drilling company, Ideal Drilling, in 1980. In 1981, he added a second exploration drilling company and increased sales and net income significantly. Those companies were combined to become Major Drilling Group International Inc., a publicly traded company that has traded on the TSX since March 1995 (TSX:MDI). Ron served as President … Continue reading →
