Libero Copper Announces Closing of Private Placement
LIBERO COPPER ANNOUNCES CLOSING OF
PRIVATE PLACEMENT
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC
,
Jan. 6, 2023
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H)
("Libero Copper")
is pleased to announce that it has closed the final
tranche of its non-brokered private placement (the "
Offering
") consisting of a cumulative total of
12,583,666 units (a "
Unit
"), with each Unit consisting of one common share (a "
Share
") and one
share purchase warrant (a "
Warrant
") at a price of
$0.15
per Unit for aggregate gross proceeds of
approximately
$1.9 million
. Each Warrant shall entitle the holder thereof to acquire one additional
Share at a price of
$0.22
until expiry on
January 6, 2025
. The net proceeds will be used for
exploration at the Mocoa and Esperanza porphyry copper projects and general working capital.
Existing strategic investor, Anglo Asian Mining Plc, invested in the final tranche of the Offering to
maintain their 19.9% interest in
Libero Copper
by purchasing 2,600,000 Units, which, along with
70,000 Units purchased by the CEO, will be subject to a four month hold period ending
May 7, 2023
pursuant to applicable policies of the TSX Venture Exchange.
Ian Slater
, Chairman, participated in
the Offering for 1,000,000 Units which will be subject to a four month hold period ending
May 1,
2023
pursuant to applicable policies of the TSX Venture exchange.
8,913,666 Units under this Offering were sold pursuant to the listed issuer financing exemption under
Part 5A of National Instrument 45-106 –
Prospectus Exemptions
(the "
Listed Issuer Financing
Exemption
"). Since the Offering was completed pursuant to the Listed Issuer Financing Exemption,
the securities issued in the Offering will not be subject to a hold period pursuant to applicable
Canadian securities law.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any U.S. state securities laws,
and may not be offered or sold in
the United States
or to, or for the account or benefit of,
United
States
persons absent registration or an applicable exemption from the registration requirements of
the U.S. Securities Act and applicable U.S. state securities laws. This press release does not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States
, nor in
any other jurisdiction.
About
Libero Copper
& Gold
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.
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 press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer, solicitation or sale would be
unlawful. The securities being offered have not been, nor will they be, registered under the 1933
Act and may not be offered or sold in
the United States
absent registration or an applicable
exemption from the registration requirements of the 1933 Act, as amended, and application state
securities laws.
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.
Some of the specific forward-looking information in this news release includes, but is not limited
to, statements with respect tothe use of gross proceeds from the Offering. Although
Libero Copper
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.
The forward-looking information contained herein is expressly qualified in its entirety by this
cautionary statement. Forward-looking information reflects management's current beliefs and is
based on information currently available to
Libero Copper
. The forward-looking information is
stated as of the date of this news release and
Libero Copper
assumes no obligation to update or
revise such information to reflect new events or circumstances, except as may be required by
applicable law.
SOURCE
Libero Copper
& Gold Corporation.
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For further information:
Additional 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 19:00e 06-JAN-23