Colibri Resource Corporation clarifies its offerings: (1) Up to 8.33M units at $0.15 ($1.25M total) with warrants; (2) $520K debt conversion into 3.47M units; (3) Up to 250 US$1K convertible debentures (10%, $250K) with warrants. Insiders may join, exempt from MI 61-101. Securities have 4-month hold.
Sonoro Gold Corp. upsized its non-brokered private placement to 20M units at $0.20 each, targeting CAD $4M. Each unit includes one common share and a three-year warrant exercisable at $0.28. Proceeds fund Cerro Caliche gold project development and working capital.
“Today’s results show that the La Colorada mine can continue to be a high-margin, low CAPEX operation with a 6.1-year mine life. This updated study is focused on the open pits at La Colorada, demonstrating positive economics at conservative gold prices and a compelling opportunity at current gold prices. The Company aims to continue to maximize cash generation from stockpiles in the near term and internally fund capital requirements for open-pit production planned in 2027.”
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