21:30:10 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Colibri Resource Corp (2)
Symbol CBI
Shares Issued 97,132,875
Close 2024-02-07 C$ 0.04
Market Cap C$ 3,885,315
Recent Sedar Documents

Colibri Resource appoints Coleman to advisory board

2024-02-08 13:11 ET - News Release

Mr. Ian McGavney reports

COLIBRI ADDS APPIAN CAPITAL'S DOUG COLEMAN TO ITS ADVISORY BOARD

Colibri Resource Corp. has appointed Doug Coleman, a long-time and well-known mining and exploration executive (based in Sonora, Mexico), to its advisory board.

Mr. Coleman is presently the Head of Mexico for Appian Capital Advisory LLP ("Appian") where his role includes identifying and sourcing investment opportunities with core focus on project due diligence and executing transactions. Appian serves as an investment advisor to long term value focussed private equity funds that solely invest in mining and mining-related companies.

A geological engineer with over 30 years of experience in mining exploration in Mexico, Douglas has been based in the country since 1991, establishing himself as a respected industry leader with a deep understanding of the local mining sector and a strong regional network.

Douglas is a Fellow of the Society of Economic Geologists (SEG) and recently served as Regional Vice President for Mexico, Central America and the Caribbean. He graduated from the Colorado School of Mines in 1988, earning a Bachelor of Science in Geological/Geophysical Engineering.

Mr. Coleman is also the founder and president of Mexico Mining Centre (www.mexicominingcenter.com) which is a trusted source of information for mining industry professionals with an impressive subscriber base of over 90,000 and he is also the founder & organizer of the annual Discoveries Mining Conference, (www.discoveriesconference.com), which attracts top mining executives and technical professionals from around the world.

Ian McGavney, President and CEO of Colibri states "Doug is a very well-known connector in Mexico and since meeting him several years ago we have been thankful on multiple occasions for his generosity in sharing his long standing industry connections and relevant and up to date local industry insight. We anticipate that our deeper association with Doug will help us to grow deeper roots in Mexico".

Stock Options Issuance

The Company also wishes to announce that its Board of Directors has approved the grant of 2.85 million stock options the with a strike price of $0.06 to members of the Board of Directors, employees, as well as a consultant of the Company. These stock options will expire 3 years after their issuance. Of the stock options issued, 150,000 granted to an employee will be subject to an escrow period whereby 50,000 will be vested immediately, a second 50,000 will be vested on the 1st year anniversary, and the remaining 50,000 will be vested on the 2nd year anniversary of the original issuance. The balance of the granted stock options vests immediately.

ABOUT COLIBRI RESOURCE CORPORATION:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company holds six high potential precious metal projects.

We seek Safe Harbor.

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