Libero Copper Announces Upsize to Non-Brokered Private Placement
LIBERO COPPER ANNOUNCES UPSIZE TO
NON-BROKERED PRIVATE PLACEMENT
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES/
VANCOUVER, BC
,
Feb. 23, 2024
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) ("
Libero Copper
" or the "
Company
") announces that it has amended the terms
of its non-brokered private placement previously announced on
February 16, 2024
(the "
Offering
").
The Offering by the Company under the amended terms, will consist of 11,000,000 units (the
"
Units
") at a price of
$0.26
per Unit, for gross proceeds of
C$2,860,000
. Each Unit will consist of
one common share and one full common share purchase warrant (a "
Warrant
") with each Warrant
entitling the holder to acquire an additional common share at an exercise price of
$0.50
for a period
of 36 months from the date of issuance.
Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All
securities issued in connection with the Offering will be subject to a four-month-and-one-day
statutory hold period. The Company anticipates paying finders' fee, payable in cash, to certain
eligible parties who introduce subscribers to the placement.
The Company intends to use the net proceeds from the Offering for working capital and general
corporate purposes.
The Company also announces that
Aaron Triplett
has replaced
Sunil Sharma
as Chief Financial
Officer effective
February 22, 2024
. The Company thanks Mr. Sharma for his contributions and
wishes him every success in his future endeavors.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US.
SECURITIES ACT OF 1933 (THE "
1933 ACT
") AND MAY NOT BE OFFERED OR SOLD IN
THE
UNITED STATES
OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.
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 jurisdiction in which such offer, solicitation or sale would be
unlawful.
About
Libero Copper
Libero Copper
is a mineral exploration company, which is focussed on unlocking the value of the
Mocoa copper-molybdenum porphyry deposit located in Putumayo,
Colombia
. Mocoa is being
advanced by a highly disciplined and seasoned professional team with successful track records of
discovery, resource development, and permitting in
Colombia
.
Libero Copper
prioritizes building
strong relationships with the communities in which we operate and is dedicated to creating long-term
value for our shareholders through responsible exploration to fuel the green energy future.
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
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, obtaining the receipt of final TSX Venture Exchange approval, 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 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, +1 604 609-
6110, [email protected]; Michelle Borromeo, Vice President Investor Relations, +1 604 715
6845, [email protected]
CO: Libero Copper & Gold Corporation.
CNW 17:00e 23-FEB-24