Libero Copper Announces Closing of the Warrant Incentive Program Raising Gross Proceeds of CDN$1,660,847
LIBERO COPPER ANNOUNCES CLOSING OF
THE WARRANT INCENTIVE PROGRAM
RAISING GROSS PROCEEDS OF
CDN$1,660,847
VANCOUVER, BC
,
April 15, 2025
/CNW/ - ("
Libero
" or the "
Company
") (TSXV: LBC) (OTCQB:
LBCMF) (FRA: 29H) is pleased to announce that further to its press releases dated
March 25, 2025
and
April 10, 2025
, the Company has closed its warrant incentive program receiving gross proceeds
of
Cdn$1,660,847
from the exercise of 8,304,234 outstanding common share purchase warrants,
which includes
Frank Giustra
and
Ian Harris'
exercise of 4,166,667 warrants, previously announced.
These warrants were exercised
between March 25 and April 15, 2025
at an exercise price of
Cdn$0.20
.
To encourage the exercise of the outstanding warrants issued as part of the Company's private
placement which closed on
February 15, 2024
, the Company issued an aggregate of 8,304,234
common share purchase warrants (the "
Sweetener Warrants
") to such warrant holders who
exercised under the warrant incentive program at no additional cost. Each Sweetener Warrant has
an exercise price of
Cdn$0.30
per common shares and will expire on the original expiry date of
February 15, 2027
.
The Sweetener Warrants will be subject to a four month and one day hold period from their date of
issuance. The use of proceeds for any Sweetener Warrant exercised will be used to support
exploration at Mocoa and for general working capital.
The Company further reports that it has entered into an agreement with Machai Capital Inc.
("
Machai
") dated
April 9, 2025
, pursuant to which Machai will provide a digital marketing campaign
(the "
Machai Agreement
"). The term of the Machai Agreement is for three months for a total
retainer of
$200,000
(plus GST), to be paid upfront.
Under the Machai Agreement, Machai will execute a comprehensive digital media marketing
campaign for the Company commencing in
April 2025
including branding and content creation, data
optimization services including search engine optimization, search engine marketing, lead generation,
digital marketing, social media marketing, email marketing, and brand marketing.
Machai is a marketing, advertising, and public awareness firm based out of
Vancouver, British
Columbia
, specializing in advertising and public awareness in the metals & mining, technology, and
special situation sectors. Machai and its principal currently hold 75,000 warrants exercisable at
$0.50
until
March 11, 2027
.
The payment described herein will come from the Company's general working capital account. Other
than as discussed herein, Machai does not have any interest, directly or indirectly, in the Company
or any right or intent to acquire such an interest. Machai is arm's length to the Company and the
Machai Agreement remains subject to the approval of the TSX Venture Exchange.
About
Libero Copper
Libero Copper
is led by a team with rare experience—having advanced projects from post-resource
discovery to the path of construction, including some of the few large copper projects built in the last
20 years. This real-world expertise drives Libero Copper's focus on relationships, responsibility,
trust, and a relentless commitment to sustainable progress.
At the core of
Libero Copper's
portfolio is the Mocoa copper-molybdenum porphyry deposit in
Putumayo,
Colombia
. Mocoa stands as a cornerstone asset with immense potential for expansion.
Now, with the Fiore Group's bold company-building vision behind it,
Libero Copper
is uniquely
positioned to fill a crucial gap in the copper industry—advancing large-scale projects toward
construction. Through this approach,
Libero Copper
is committed to creating lasting value for all
stakeholders while positioning itself at the forefront of meeting the growing global demand for
copper—the metal driving progress in the modern economy.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable
Canadian securities legislation. "Forward-looking information" includes, but is not limited to,
statements with respect to the activities, events or developments that the Company expects or
anticipates will or may occur in the future.
Generally, but not always, forward-looking information and statements can be identified by the use
of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such
words and phrases or state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company will use the proceeds from the warrant incentive program as
anticipated.
Although the assumptions made by the Company in providing forward-looking information or
making forward-looking statements are considered reasonable by management at the time, there
can be no assurance that such assumptions 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 Company's plans or expectations include,
without limitation, the risk that the Company is not able to use the proceeds from the warrant
incentive program as anticipated by management.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements
will prove to be accurate, as actual results and future events could differ materially from those
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information.
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]; Tetiana Konstantynivska, Vice President Investor Relations, +1 778
829 8455, [email protected]
CO: Libero Copper & Gold Corporation
CNW 23:00e 15-APR-25