VANCOUVER, Dec. 21, 2012 /CNW/ - Colibri Resource Corporation ("Colibri" or the "Company") (TSX.V-CBI) is pleased to announce 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. The location of these two claims can
be seen at www.colibriresource.com/projects/ramard.
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 US$161,000 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 US$80,500 and the issuance of
40,000 common shares.
The Option Agreement remains subject to TSX Venture Exchange acceptance.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents herein.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within
the meaning of applicable securities legislation. All statements,
other than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the
Corporation's expectations are disclosed in the Corporation's documents
filed from time to time with the TSX Venture Exchange and, among
others, the British Columbia Securities Commission as well as under the
heading "Risk Factors" in the Company's annual and interim Management
Discussion and Analysis.
SOURCE: Colibri Resource Corporation
For further information:
Lance Geselbracht, P.E., President and Chief Executive Officer
Tel: (250) 755-7871