Libero Closes Private Placement
LIBERO CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia, March 12, 2020 – Libero Copper & Gold Corporation (“Libero”) (TSX-
V: LBC, OTCQB: LBCMF) announces it has now closed its previously announced non-brokered private
placement (“Placement”) which consisted of a total of 4,500,000 Units (“Unit”) at a price of C$0.10 per
Unit for aggregate proceeds of C$450,000.
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 and all shares issued through the Placement are subject to a mandatory 4 month hold period
expiring on July 13, 2020.
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
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com
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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 base d 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.