Libero Announces Private Placement
Libero Announces Private Placement
VANCOUVER, British Columbia--(BUSINESS WIRE)--February 26, 2020--Libero Copper &
Gold Corporation (TSX-V: LBC, OTCQB: LBCMF) announces a non-brokered private
placement consisting of up to 20,000,000 Units (“Unit”) at a price of C$0.10 per Unit for gross
proceeds of up to C$2,000,000 (“Offering”).
Each Unit consists of one Common Share (“Common Share”) and one Common Share purchase
Warrant (“Warrant”). Each Warrant entitles the holder to acquire one Common Share for a
period of 24 months from closing at a price of C$0.15. If the closing price of the Common
Shares is at a price equal to or greater than $0.20 for a period of 10 consecutive trading days,
Libero will have the right to accelerate the expiry date of the warrants by giving notice, via a
new release, to the holders of the Warrants that the Warrants will expire on the date that is 30
days after the issuance of said news release.
The net proceeds of the Offering will be used for drilling the Ridge high grade gold target at Big
Red and general working capital purposes. Closing of the Offering is subject to approval of the
TSX Venture Exchange.
About Libero Copper & Gold
Libero holds a collection of porphyry deposits throughout the Americas in prolific but stable
jurisdictions. The portfolio includes both exploration properties such as Big Red, a new gold
discovery in the Golden Triangle, Canada, and high-quality deposits with significant resources
but without any fatal flaws or significant holding costs. The Tomichi copper deposit in the
United States and the Mocoa copper deposit in Colombia, both contain large inferred mineral
resources. In total, the Mocoa and Tomichi properties contain 7.9 billion pounds of copper and
1.1 billion pounds of molybdenum. 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.
Additional Information
Neither the 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. This news release includes forward-looking statements that are subject to risks
and uncertainties. All statements within, other than statements of historical fact, are to be
considered forward looking. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from
those in forward-looking statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general economic, market or
business conditions and regulatory and administrative approvals, processes and filing
requirements. There can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements.
Contacts
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com