NEWS RELEASE - DIEPPE, N.B., June 17, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce the results of its Annual General Meeting (“AGM”) of shareholders held on June 13, 2025.
A total of 9,451,871 common shares were represented in person or by proxy at the meeting, representing approximately 8.19% of the Company’s issued and outstanding shares as of the record date. Shareholders voted in strong support of all resolutions, each of which was approved with 99.88% of the votes cast.
Election of Directors
The following individuals were elected as directors of the Company until the next annual general meeting or until their successors are duly elected or appointed:
Appointment of Auditors
Shareholders approved the appointment of Kreston GTA LLP as the Company’s auditors for the ensuing year and authorized the board of directors to fix their remuneration:
- Votes For: 8,441,870 (99.88%)
- Votes Withheld: 10,000 (0.12%)
Approval of Stock Option Plan
Shareholders also re-approved the Company’s 10% rolling stock option plan, as required annually by TSX Venture Exchange policy:
- Votes For: 8,441,870 (99.88%)
- Votes Against: 10,000 (0.12%)
The Company thanks its shareholders for their continued support and confidence. Colibri remains committed to advancing its gold exploration portfolio in Sonora, Mexico, with a focus on the Pilar Gold & Silver joint venture and the EP Gold Project Project.
About Colibri Resource Corporation
Colibri Resource Corporation is a Canadian-based junior gold and silver exploration company focused on high-potential projects in Sonora, Mexico. The Company holds interests in:
- The Pilar Gold & Silver Project, a joint venture with Tocvan Ventures in which Colibri owns 49%. Pilar hosts a shallow oxide gold system where surface trenching, bulk sampling, and preliminary metallurgy support near-term development potential.
- The EP Gold Project, 100%-owned and located 25 km east of Mexico’s largest open-pit gold mine, La Herradura. Drilling, surface sampling, geophysical study and mapping have identified multiple structural targets with strong geochemical anomalies.
- The Diamante Project, now 60%-owned through full ownership of Yaque Minerales. Diamante hosts extensive gold-silver and base metal epithermal systems across multiple mineralized corridors.
For information contact:
Ian McGavney
President, CEO and Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.com
This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
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.
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NEWS RELEASE - DIEPPE, N.B., October 6, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that it intends to conduct two non-brokered private placements as follows: An equity offering (the “Equity Offering”) of up to 8,666,666 units (the “Units”) at a price of $0.15 for gross proceeds of up to $1,300,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the Warrants ). Each Warrant will entitle the holder to acquire one common share (a “Common Share”) of the Company at a price of C$0.25 per Common Share for a period of 24 months. It is anticipated at this time that, of the gross proceeds, approximately $300,000 will be from former debenture holders of the Company whose instruments came due during August 2025 and will not represent new money to the Company. See the Company’s news release of August 6, 2025. The Company is also intending to conduct a non-brokered private placement of up to 250 convertible debenture units (the “Debenture Units”) for gross proceeds of up to US$250,000 (the “Debenture Offering”). Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture (the “Debenture”) and 5,300 Warrants. Each Debenture will bear interest at 10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). The Debentures are convertible into Common Shares, at the holder's option, at a price C$0.25 per Common Share (the "Conversion Price") at any time prior to the Maturity Date. For purposes of the Conversion Price, the Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal. All interest accrued on the Debentures will be payable in cash only and there can be no conversion of the Debenture interest into Common Shares of the Company. Each Warrant will entitle the holder to acquire one Common Share at a price of C$0.25 per Common Share for a period of 24 months following the closing of the offering. A significant portion of the offerings are expected to be acquired by former debenture holders whose loans matured in August 2025 (see the Company’s news release dated August 6, 2025). This will significantly strengthen the Company’s capital structure by converting outstanding obligations into equity-linked securities although this will not represent new money to the Company. Closing of the foregoing offerings is subject to the acceptance of the TSX Venture Exchange (the “Exchange”). Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing. The Company anticipates that it may pay certain finder’s fees as per the guidelines of the Exchange. The Offering will be conducted by the Company primarily under the "accredited investor" exemption of National Instrument 45-106 –– Prospectus and Registration Exemptions but may use other exemptions if appropriate. Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed 25% of the Company's market capitalization. Net proceeds will fund exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital. “ This financing provides us with the resources to advance key exploration initiatives at Pilar and EP while also strengthening our balance sheet. We view this as a significant step forward that enables us to deliver on important near-term objectives and continue positioning Colibri for growth ,” said Ian McGavney, President & CEO of Colibri. For further details of the Offering, please contact Ian McGavney, President & CEO of the Company at (506) 383-4274 or ianmcgavney@colibriresource.com . The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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NEWS RELEASE - DIEPPE, N.B., September 16, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to provide a corporate update, outlining near-term initiatives to advance its 100%-owned EP Gold Project and highlight the significant potential of its 49% interest in the advanced Pilar Gold-Silver Project in Sonora, Mexico. Positioned for Growth in a Strong Precious Metals Market With gold and silver trading near historic highs, Colibri is actively advancing initiatives designed to increase shareholder value. The Company is pursuing a staged growth strategy focused on: Advancing exploration at EP Gold, Supporting development of Pilar, and Strengthening market visibility and corporate positioning. EP Gold Project – District-Scale Potential in the Heart of the Caborca Belt Colibri’s 100%-owned EP Gold Project (Evelyn/Plomo) covers 4,766 hectares in the Caborca Gold Belt of Sonora, Mexico — one of the country’s most prolific mining districts. The Project is strategically located within 25 kilometres of some of Fresnillo Plc’s most significant gold operations, including the producing La Herradura Mine and Noche Buena Mine, as well as the Tajitos deposit (which is reportedly undergoing an updated Preliminary Economic Assessment).
