Libero Copper Closes Private Placement
LIBERO COPPER CLOSES PRIVATE PLACEMENT
July 12, 2019 – Vancouver, BC - Libero Copper Corporation (TSX -V: LBC , OTCQB : LBCMF )
announces that the second tranche of the non-brokered private placement announced on May 28, 2019 has
closed and consists of the final 1 ,000,000 Units (“ Unit”) at a price of C$0.10 per Unit (the “ NFT Unit
Offering”) for gross proceeds of C$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.
10,000,000 Units at a price of C$0.15 per Unit for aggregate gross proceeds of up to C$1,500,000 (the
“Super FT Unit Offering”) announced on May 28, 2019 is expected to close within 30 days bringing the
total gross proceeds of the Offering to C$2,700,000.
Common Shares issued under the Super FT Offering qualify as ‘flow through shares’ (the “Flow Through
Shares”). The gross proceeds from the Super 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 issued in the Offering are subject to a sta tutory hold period expiring on
November 13, 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 i n 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
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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 base d 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.