Colibri Resource Corp.


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Latest Developments

Colibri Resource Corporation Granted Extension To Accommodate Private Placement


ONTOP acquires and disposes of common shares of Colibri Resource Corp

Aug 9 (Reuters) - Colibri Resource Corp <CBI.V>:ONTOP acquires and disposes of common shares of Colibri Resource Corporation.

Goguen Family Trust acquires common shares of Colibri Resource Corp

Aug 9 (Reuters) - Colibri Resource Corp <CBI.V>:The Goguen Family Trust acquires common shares of Colibri Resource Corporation for investment purposes.Goguen Family Trust - has indirectly acquired, through unit, 3.9 million common shares of Colibri Resource Corp at a deemed price of $0.165/common share.

Colibri Resource announces appointment of president, CEO

July 26 (Reuters) - Colibri Resource Corp <CBI.V>::Colibri announces appointment of president and CEO.Says CEO and president Ed Stringer resigned.Stringer will remain a director of Colibri.Stringer is resigning due to health reasons.Appointed current director, Ron Goguen Sr., as president and chief executive officer​.

Colibri announces signing of LOI to acquire Canadian Gold Resources Ltd

Colibri Resource Corp <CBI.V> - : Colibri announces signing of a letter of intent to acquire Canadian Gold Resources Ltd. .Colibri Resource Corp- As consideration for transaction, Colibri will issue an aggregate of about 26.7 million common shares for a total of $4 million to CGR.

Colibri Resource Corp announces new chief financial officer

Colibri Resource Corp:Says Brian Lewicki has resigned as Chief Financial Officer after almost four years of service to Colibri.Camilla Cormier, CPA, CA, will assume the duties of CFO beginning immediately.

Colibri Resource Corp Announces Option Agreement for Internal Claims at Ramard Project

Colibri Resource Corp announced that it has entered into an option agreement dated December 20, 2012 (the Agreement) for the acquisition of two additional mining claims (the Claims) located within the Company's Ramard concessions in Sonora, Mexico. The two claims are called Picacho and El Dorado, and are 60 and 64 hectares in size, respectively. Pursuant to the Agreement, the Company has been granted the exclusive option to acquire a 100% right, title and interest in the Claims. To exercise the option on each of the Claims, the Company must make cash payments in the aggregate amount of USD161,000 and issue a total of 80,000 of its common shares to the optionor, all over a four year period. The Company may also choose to exercise the option on only one of the Claims for a total cash payment of USD80,500 and the issuance of 40,000 common shares.

Colibri Resource Corp Appoints New CFO

Colibri Resource Corp to announced the appointment of Mr. Brian Lewicki , as the Company's new Chief Financial Officer (CFO) effective December 6, 2011 . Mr. Lewicki , replaces Mr. Bill Walker who has resigned as CFO but will remain as a director of the Company.

Colibri Resource Corp. Announces Closing Of Earn-In And Shareholders Agreement

Colibri Resource Corp. announced 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 between the Company and Agnico-Eagle Mines Ltd. 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 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 to spend, over the next three years, a minimum of USD3.0 million in exploration expenditures as well as complete a positive feasibility study within five years. In addition, Agnico-Eagle will be required to make option payments totaling USD1,452,000 over a seven year period. After completion of the feasibility study and Agnico-Eagle earning a 75% in the Colibri Project, Agnico-Eagle and Colibri will form a joint venture to develop the Colibri Project. Pursuant to the terms of the Agreement, Colibri has also completed a private placement of three million units of the Company to Agnico-Eagle at a price of $0.20 per Unit for proceeds of $600,000. The proceeds from the Agnico-Eagle Financing will be used for general working capital for the Company's operations in Sonora, Mexico including the previously announced 2000 meter drill program at the Ramard Silver project near the municipality of Carbo, Sonora.

Colibri Resource Corp. Commences Drilling On Ramard Silver property, Sonora, Mexico

Colibri Resource Corp. announced that the 2000 meter drill program on the Ramard property in Sonora, Mexico has begun. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri's Mexican subsidiary, Minera Halcones. The drill program will focus primarily on the La Bronca Zone in areas previously identified containing significant levels of silver, zinc, and lead mineralization. A direct rotary, percussion hammer rig producing a 4.5 inch diameter bore hole is being utilized at the site rather than the previously announced diamond core. Drill samples are transported daily to Inspectorate Exploration and Mining Service's prep lab in Hermosillo prior to being assayed at their lab in Vancouver, British Columbia.

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