Month: August 2020

Net proceeds of the Financing, after paying the general costs of the issue and the cash portion of the Finder’s Fee, will be used will be used as needed for (a) development on the Kaity Property in Chihuahua, Mexico, including costs associated with various permits, metallurgical bench testing of the copper mineralization, and investigation, evaluation and implementation of the Gloria Pilot Mining Project, (b) option payments in Mexico, (c) current accounts payable, (d) general administrative expenses, and (e) working capital.

“The IRMA Standard is based on four principles; Business Integrity, Social Responsibility, Environmental Responsibility and Planning for Positive Legacies, while offering a true independent third-party verification and certification against a comprehensive standard for our industry.”

The Company intends to use the net proceeds from the Offering for exploration and development activities, working capital requirements and other general corporate purposes.

“Beyond some additional Mineral Resource drilling, we see the next steps at Los Ricos South, in conjunction with our primary technical consultant P&E Mining Consultants Inc., as being a Preliminary Economic Assessment which we will endeavour to complete before year’s end,” said Brad Langille, President and CEO.

“We are happy with the progress at Pilar. Almost all historic drilling at Pilar has been at shallow depths extending to approximately 125m in the “Main” and the “North Hill” zones. This new data highlights that there are several untested areas at Pilar and that there is excellent potential to extend mineralized to a greater depth and along strike. Colibri shareholders truly stand to benefit greatly going forward should follow up drilling programs confirm this theory,” stated Ron Goguen, President and CEO of Colibri.

La estadounidense Coeur Mining acusa que el SAT no le devolvió esa cantidad por concepto del IVA.

The Company will use the net proceeds of the Private Placement to fund a focused drill program at the Peñoles Gold-Silver Project, additional project acquisitions and general corporate purposes.