Libero Copper Announces Flow- Through Private Placement of up to $3 Million
LIBERO COPPER ANNOUNCES FLOW-
THROUGH PRIVATE PLACEMENT OF UP TO
$3 MILLION
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC
,
July 14, 2022
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) announces a non-brokered private placement consisting of up to
9,090,909 flow-through shares at a price of
$0.33
per share (the "
FT Offering
") for gross
aggregate proceeds of up to
$3 million
. The net proceeds will be used for exploration at the Big Red
porphyry copper project.
Common Shares issued under the FT Offering qualify as 'flow through shares' ("
Flow Through
Shares
"). The gross proceeds from the FT Offering will be used to incur 'Canadian exploration
expenses' that will qualify as 'flow through mining expenditures' as those terms are defined in the
Income Tax Act
(
Canada
) which will be renounced to the initial purchasers of the Flow Through
Shares.
A Finder's Fee of 6% will be payable in cash on a portion of the FT Offering. Eventus Capital Corp.
is acting as a finder in connection with the FT Offering. Closing of the FT Offering is subject to
approval of the TSX Venture Exchange. Securities issued in the FT Offering are subject to a
statutory hold period of four months. Closing of the FT Offering is intended to occur on or around
July 21, 2022
.
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 to: the completion of the FT Offering; the number of securities to be
issued under the FT Offering and the gross proceeds received; the timing of the closing of the FT
Offering; the payment of any finders fees and the form thereof; and the use of net proceeds from
the FT 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:
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 07:00e 14-JUL-22