Libero Copper Closes $2.5M Financing
LIBERO COPPER CLOSES $2.5M FINANCING
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC
,
Feb. 17, 2023
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) ("
Libero Copper
") announces it has closed the final tranche of the
non-brokered private placement announced
February 7, 2023
and increased
February 10
and 13,
2023 (the "
Offering
") and issued 3,200,000 units, with each unit consisting of one common share
and one common share purchase warrant (a "
Warrant
") at a price of
$0.15
per unit for cumulative
gross proceeds of approximately
$2.5 million
. Each Warrant entitles the holder thereof to acquire
one additional common share at a price of
$0.22
until
February 17, 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
. Shares issued in this tranche to Anglo Asian Mining
Plc are subject to a hold period expiring
June 18, 2023
, pursuant to the policies of the TSX Venture
Exchange.
About
Libero Copper
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 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:
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 18:00e 17-FEB-23