Libero Copper Closes Private Placement
Libero Copper Closes Private Placement
VANCOUVER, British Columbia, June 07, 2019 -- Libero Copper Corporation (TSX-V: LBC, OTCQB: LBCMF) announces
that the first tranche of the non-brokered private placement announced on May 28, 2019 has closed and consists of: (i)
9,000,000 Units (“ Unit”) at a price of C$0.10 per Unit (the “ NFT Unit Offering ”); and (ii) 1,904,761 Common Shares
(“Common Share ”) at a price of C$0.105 per Common Share (the “ FT Offering ” and together with the NFT Unit Offering ,
the “Offering”) for aggregate gross proceeds of C$1,100,000.
Each Unit consists of one Common Share and one common share purchase Warrant (“ Warrant ”). Each Warrant entitles the
holder to acquire one Common Share at a price of C$0.15 until June 7, 2021.
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 which will be renounced to the initial purchaser of the Flow
Through Shares.
The net proceeds of the Offering will be used for exploration at the Big Red project and general working capital purposes. The
Units and Flow Through Shares issued in the Offering are subject to a statutory hold period expiring on October 8, 2019.
About Libero Copper
Libero Copper is acquiring high-quality copper deposits with significant resources but without any fatal flaws or significant
holding costs and exceptional copper exploration properties in the Americas. These assets are being advanced and de-risked
by a seasoned team to minimize dilution and maximize shareholder value. The portfolio currently includes the Big Red
exploration project in Canada, the Tomichi deposit in the United States and the Mocoa deposit in Colombia which both contain
large inferred mineral resources. In total the properties contain 7.9 billion pounds of copper and 1.1 billion pounds of
molybdenum.
Additional Information
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com
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 the Company 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. We do
not assume any obligation to update any forward-looking statements.