") is pleased to announce that it has established an at-the-market equity program (the " ATM Program "). The ATM Program allows Libero Copper to
LIBERO COPPER ESTABLISHES AT-THE-
MARKET EQUITY PROGRAM
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
/
VANCOUVER, BC
,
March 23, 2023
/CNW/ -
Libero Copper & Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) ("
Libero Copper
") is pleased to announce that it has established an
at-the-market equity program (the "
ATM Program
"). The ATM Program allows
Libero Copper
to
issue and sell, at its discretion, up to
$5,000,000
of common shares in the capital of
Libero Copper
("
Common Shares
") to the public from time to time through Independent Trading Group (ITG) Inc.
(the "
Agent
"), as sole agent, at the prevailing market price when issued, directly on the TSX Venture
Exchange or any other recognized marketplace upon which the Common Shares are listed or quoted
or where the Common Shares are traded in
Canada
.
Libero Copper
intends to use the net proceeds
from any sales of Common Shares under the ATM Program for exploration of its Mocoa Project
located in Putumayo,
Colombia
, exploration of its Esperanza Project located in San Juan,
Argentina
,
and for general corporate purposes.
Distribution of Common Shares under the ATM Program will be made pursuant to the terms of an
equity distribution agreement (the "
Equity Distribution Agreement
") dated
March 22, 2023
entered
into between
Libero Copper
and the Agent.
The ATM Program will be effective until the earlier of the issuance and sale of all of the Common
Shares issuable pursuant to the ATM Program and the date on which the receipt issued for
Libero
Copper's
base shelf prospectus dated
February 23, 2022
(the "
Base Shelf Prospectus
") ceases to
be effective in accordance with Canadian Securities laws, unless terminated prior to such date by
Libero Copper
or the Agent. As Common Shares sold in the ATM Program will be issued and sold at
the prevailing market price at the time of the sale, prices may vary among purchasers during the
period of distribution.
The offering under the ATM Program will be made pursuant to a prospectus supplement dated
March 22, 2023
(the "
Prospectus Supplement
") to the Base Shelf Prospectus, which has been
filed with the applicable securities regulatory authorities in each of the provinces and territories in
Canada
. The Equity Distribution Agreement, the Prospectus Supplement and the Base Shelf
Prospectus may be obtained on request, without charge, from the Corporate Secretary of
Libero
Copper
at Suite 905 – 1111 West Hastings Street,
Vancouver, British Columbia
, V6E 2J3
(Telephone +1 778 372 2553) and are available on the System for Electronic Document Analysis
and Retrieval ("
SEDAR
") website at
www.sedar.com
.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the
securities, nor shall there be any sale of the securities in
the United States
, or in any other
jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been
and will not be registered under the United States Securities Act of 1933, as amended (the "
U.S.
Securities Act
"), or under any U.S. state securities laws, and may not be offered, sold, directly or
indirectly, or delivered within
the "United States
" or to, or for the account or benefit of, persons in
the
"United States
" or "U.S. persons" (as such terms are defined in Regulation S under the U.S.
Securities Act) except in certain transactions exempt from the registration requirements of the U.S.
Securities Act and all applicable U.S. state securities laws.
About
Libero Copper
Libero Copper
is unlocking the value of a collection of porphyry copper deposits throughout the
Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo,
Colombia
; Esperanza in San Juan,
Argentina
; and Big Red and Big Bulk in the Golden Triangle, BC,
Canada
. These assets are being advanced by a highly disciplined and seasoned professional team
with successful track records of discovery, resource development, and permitting in the Americas.
Forward-looking information and statements
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "potential", "we believe", or variations of such words and
phrases or statements that certain actions, events or results "will" occur. Forward-looking
statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of
Libero
Copper
to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including:
information concerning the expected sale of
Common Shares under the ATM Program, the price, volume and timing of the sale and distribution
of Common Shares under the ATM Program, the anticipated use of proceeds of any offering under
the ATM Program, and anticipated benefits and impacts of the ATM Program. Forward-looking
statements are based on
Libero Copper's
current beliefs and assumptions as to the outcome and
timing of future events, including, but not limited to, that
Libero Copper
makes sales of Common
Shares under the ATM Program, that the proceeds of any offering conducted under the ATM
Program will be deployed as anticipated, and the anticipated benefits and impacts of the ATM
Program being realized. Forward-looking statements involve risks, uncertainties and other factors
that could cause actual results, performance and opportunities to differ materially from those
implied by such forward-looking statements. Factors that could cause actual results to differ
materially from these forward-looking statements include, among other things: the ability of
Libero
Copper
to successfully close a financing, including the ATM Program, the price, volume and timing
of sale of Common Shares under the ATM Program not being determinable at this time, the
anticipated use of proceeds from any offering made under
Libero Copper's
Base Prospectus and
any offerings to be conducted thereunder including the ATM Program, and the benefits and
impacts of the ATM Program not being as anticipated.
Although management of
Libero Copper
have attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements and forward-looking information.
Libero Copper
will
not update any forward-looking statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this news release.
SOURCE
Libero Copper
& Gold Corporation.
View original content to download multimedia:
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For further information:
Ian Harris, Chief Executive Officer, +1 604 294 9039,
[email protected]; Michelle Borromeo, VP Investor Relations, +1 604 715 6845,
CO: Libero Copper & Gold Corporation.
CNW 14:54e 23-MAR-23