Colibri Resource Corporation (TSXV: CBI) has received TSX Venture Exchange approval for a 5:1 share consolidation, effective June 13, 2025. The consolidation will reduce the company's outstanding shares from 115,417,625 to approximately 23,083,525 shares. The company will maintain its current name and trading symbol, but has obtained a new CUSIP (194168407) and ISIN (CA194168407). Fractional shares will be rounded up if at least half a share, and down if less than half. Exercise prices and share amounts for convertible securities will be adjusted proportionally. Registered shareholders will receive instructions from Computershare Investor Services Inc. for exchanging share certificates, while holders of DRS/Book or brokerage accounts require no action.
Colibri Resource Corporation (TSXV: CBI) ha ottenuto l'approvazione dalla TSX Venture Exchange per una consolidazione azionaria 5:1, valida dal 13 giugno 2025. La consolidazione ridurr脿 le azioni in circolazione da 115.417.625 a circa 23.083.525 azioni. L'azienda manterr脿 il nome e il simbolo di negoziazione attuali, ma avr脿 un nuovo CUSIP (194168407) e ISIN (CA194168407). Le azioni frazionarie saranno arrotondate per eccesso se pari o superiori a mezza azione, altrimenti per difetto. Prezzi di esercizio e quantit脿 di azioni per titoli convertibili saranno adeguati proporzionalmente. Gli azionisti registrati riceveranno istruzioni da Computershare Investor Services Inc. per lo scambio dei certificati azionari, mentre i detentori di conti DRS/Book o di intermediazione non devono intraprendere alcuna azione.
Colibri Resource Corporation (TSXV: CBI) ha recibido la aprobaci贸n de la TSX Venture Exchange para una consolidaci贸n de acciones 5:1, efectiva a partir del 13 de junio de 2025. La consolidaci贸n reducir谩 las acciones en circulaci贸n de 115,417,625 a aproximadamente 23,083,525 acciones. La compa帽铆a mantendr谩 su nombre y s铆mbolo de cotizaci贸n actuales, pero ha obtenido un nuevo CUSIP (194168407) e ISIN (CA194168407). Las acciones fraccionarias se redondear谩n hacia arriba si son al menos media acci贸n, y hacia abajo si son menos de media. Los precios de ejercicio y las cantidades de acciones para valores convertibles se ajustar谩n proporcionalmente. Los accionistas registrados recibir谩n instrucciones de Computershare Investor Services Inc. para el intercambio de certificados de acciones, mientras que los titulares de cuentas DRS/Book o de corredores no necesitan realizar ninguna acci贸n.
Colibri Resource Corporation (TSXV : CBI) a obtenu l'approbation de la TSX Venture Exchange pour une consolidation d'actions au ratio de 5 pour 1, effective 脿 partir du 13 juin 2025. Cette consolidation r茅duira le nombre d'actions en circulation de 115 417 625 脿 environ 23 083 525 actions. La soci茅t茅 conservera son nom et son symbole de n茅gociation actuels, mais disposera d'un nouveau CUSIP (194168407) et ISIN (CA194168407). Les actions fractionnaires seront arrondies 脿 la hausse si elles repr茅sentent au moins une demi-action, et 脿 la baisse si elles sont inf茅rieures 脿 une demi-action. Les prix d'exercice et le nombre d'actions pour les titres convertibles seront ajust茅s proportionnellement. Les actionnaires enregistr茅s recevront des instructions de Computershare Investor Services Inc. pour l'茅change des certificats d'actions, tandis que les d茅tenteurs de comptes DRS/Book ou de courtage n'ont aucune d茅marche 脿 effectuer.
Die Colibri Resource Corporation (TSXV: CBI) hat die Genehmigung der TSX Venture Exchange f眉r eine 5:1-Aktienzusammenlegung erhalten, die ab dem 13. Juni 2025 wirksam wird. Durch die Zusammenlegung wird die Anzahl der ausstehenden Aktien von 115.417.625 auf etwa 23.083.525 Aktien reduziert. Das Unternehmen beh盲lt seinen aktuellen Namen und Handelssymbol bei, hat jedoch eine neue CUSIP (194168407) und ISIN (CA194168407) erhalten. Bruchteile von Aktien werden aufgerundet, wenn sie mindestens eine halbe Aktie betragen, und abgerundet, wenn sie weniger als eine halbe Aktie sind. Aus眉bungspreise und St眉ckzahlen f眉r wandelbare Wertpapiere werden proportional angepasst. Eingetragene Aktion盲re erhalten von Computershare Investor Services Inc. Anweisungen zum Umtausch der Aktienzertifikate, w盲hrend Inhaber von DRS/Book- oder Brokerage-Konten keine Ma脽nahmen ergreifen m眉ssen.
Positive
Consolidation may help meet minimum share price requirements for exchange listing
Could potentially attract institutional investors who have minimum share price requirements
No shareholder approval required, streamlining the process
Negative
Share consolidation does not inherently increase company value
May result in some shareholders holding fractional shares that get rounded down
Could potentially reduce trading liquidity due to fewer outstanding shares
Dieppe, New Brunswick--(Newsfile Corp. - June 11, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") announces that, further to the Company's press release on May 14, 2025, Colibri has received approval of the TSX Venture Exchange (the "TSXV") for the consolidation of its issued and outstanding common shares (each, a "Share") on the basis of five (5) pre-consolidation Shares for each one (1) post-consolidation Share (the "Consolidation").
The Consolidation is being effected pursuant to a resolution of the board of directors of the Company dated May 5, 2025. No shareholder approval is required for the Consolidation to come into effect. The Company has obtained a new CUSIP (194168407) and ISIN (CA194168407) in connection with the Consolidation. There will be no name change or trading symbol change in conjunction with the Consolidation.
Effective at the opening of trading on Friday, June 13, 2025 (the "Effective Date"), the Shares will commence trading on the TSXV on a consolidated basis.
As at the date hereof, there are a total of 115,417,625 Shares issued and outstanding. Assuming no other change to the issued and outstanding Shares, a total of 23,083,525 Shares, subject to adjustments for rounding, will be issued and outstanding on the Effective Date.
No fractional post-Consolidation Shares will be issued as a result of the Consolidation. Fractional Shares will be rounded up to the next nearest whole number of Shares if the fraction is at least half of a Share and rounded down to the nearest whole number of Shares if the fraction is less than half a Share.
The exercise or conversion price, and the number of Shares issuable under any of the Company's outstanding convertible securities, if any, will be proportionately adjusted upon the Effective Date.
A letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., will be mailed to registered shareholders providing instructions on how to exchange their physical Share certificates representing pre-Consolidation Shares for new certificates representing post-Consolidation Shares.
Shareholders who hold their Shares in DRS/Book or in brokerage accounts are not required to take action to effect an exchange of their pre-Consolidation Shares for post-Consolidation Shares. Until surrendered, each Share certificate representing pre-Consolidation Shares will represent the number of whole post-Consolidation Shares to which the holder is entitled as a result of the Consolidation.
ABOUT COLIBRI RESOURCE CORPORATION
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 100% of EP Gold Project in the significant Caborca Gold Belt which has delivered highly encouraging exploration results and is surround by Mexico's second largest major producer of gold on four sides, and 3) two highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project and Jackie Gold & Silver Project.
For more information about all Company projects please visit: .
For further information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274, [email protected].
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.
Notice Regarding Forward-Looking Statements
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.
To view the source version of this press release, please visit
FAQ
What is the share consolidation ratio for Colibri Resource Corporation (TSXV: CBI)?
Colibri's share consolidation ratio is 5:1, meaning every five pre-consolidation shares will be converted into one post-consolidation share.
When will Colibri's share consolidation become effective?
The share consolidation will become effective at the opening of trading on Friday, June 13, 2025.
How many shares will Colibri have outstanding after the consolidation?
After the consolidation, Colibri will have approximately 23,083,525 shares outstanding, reduced from 115,417,625 shares.
Do Colibri shareholders need to take any action for the share consolidation?
Only registered shareholders holding physical share certificates need to take action by following instructions from Computershare. Shareholders holding shares in DRS/Book or brokerage accounts require no action.
Will Colibri's trading symbol change after the consolidation?
No, Colibri will maintain its current trading symbol with no changes to the company name or symbol.
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