Liberty GOLD Announces C$6 Million Bought Deal Financing
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NEWS RELEASE 18-18 September 12, 2018
FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
Liberty Gold ANNOUNCES C$6 MILLION BOUGHT DEAL FINANCING
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company”) is pleased
to announce that it has entered into an agreement wi th a syndicate of underwriters led by Sprott
Capital Partners, a division of Sprott Private Wealth LP (collectively, the “Underwriters”) pursuant
to which the Underwriters hav e agreed to purchase, on a bought deal basis, 15,000,000 units of
the Company (the “Units”) at a price of C$0.40 per Unit (the “Iss ue Price”) for gross proceeds to
the Company of C$6,000,000 (the “O ffering”). Each Unit will consist of one common share of
Liberty Gold (each, a “Comm on Share”) and one common share pur chase warrant (a “Warrant”).
Each Warrant will entitle the holder to acquire one common share of Liberty Gold at a price of
C$0.60 at any time prior to the date which is three years following completion of the Offering.
In addition, Liberty Gold has granted the Underwr iters an option (the “U nderwriters’ Option”),
exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the
financing, to purchase up to an additional 15% of the number of Units solely to cover over-
allotments, if any, and for market stabilization purposes.
The net proceeds of the Offeri ng will be used to fund explor ation and development of Liberty
Gold’s southwest United States gold and precious metal exploration portfolio, focused on the
Goldstrike project in Utah, as well as the Black Pine project in Idaho, and the Kinsley deposit in
Nevada and for general working capital purposes.
Liberty Gold intends to file with the securiti es commissions and other sim ilar regulatory authorities
in the provinces of Canada, other than Quebec, a preliminary short form prospectus relating to the
issuance of the Units by September 18, 2018.
The Offering is scheduled to close on or about Oc tober 2, 2018 and is subject to a number of
conditions including, but not limi ted to, receipt of all necessary approvals including the approval of
the Toronto Stock Exchange and applicable securities regulatory authorities.
THIS NEWS RELEASE IS NOT AN OFFER OF SECURITIES FOR SAL E AND IS NOT AN
OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF LIBERTY
GOLD, NOR SHALL IT FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH
ANY CONTRACT FOR PURCHASE OR SUBSCRIPTION. THE COMMON SHARES OF LIBERTY
GOLD WILL ONLY BE OFFERED IN ALL PROVINCES OF CANADA BY MEANS OF THE
PROSPECTUS REFERRED TO ABOVE. THES E SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S.
SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS, AND THESE SECURITIES
MAY NOT BE OFFERED OR SOLD TO, OR FO R THE ACCOUNT OR BENEFIT OF, PERSONS
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IN THE UNITED STATES OR “U.S. PERSONS” (AS SUCH TERM IS DEFINED IN REGULATION
S PROMULGATED UNDER THE U.S. SECURITI ES ACT), ABSENT REGISTRATION UNDER
THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
EXEMPTION FROM REGISTRATION THEREUNDER.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold
projects that are ideal for open-pi t mining. This region is one of the most prolific gold-producing
regions in the world and stretches across Nev ada and into Idaho and Utah. We know the Great
Basin and are driven to discover and advance bi g gold deposits that c an be mined profitably in
open-pit scenarios. Our flagship projects are Gold strike, Black Pine and Kinsley Mountain, all of
which are past producing open-pit mines, where previous operators only scratched the surface.
For more information, visit www.libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Liberty Gold within the
meaning of applicable securities laws, including statements regarding the intention to file a prospectus in each of the provinc es in Canada other than
Quebec, the expected use of proceeds and closi ng date of the Offering. Forward-looking information is often, but not always, id entified by the use of
words such as "seek", "anticipate", "pl an", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "i ntends", "believe", "potential",
and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should",
"could", "would", "might" or "will" be taken, occur or be achi eved. Forward-looking information is not a guarantee of future pe rformance and is based
upon a number of estimates and assumptions of management at t he date the statements are made including, among others, assumptio ns about
future prices of gold, and other metal prices, currency exc hange rates and interest rates, favourable operating conditions, pol itical stability, obtaining
governmental approvals and financing on time, obtaining renewa ls for existing licences and perm its and obtaining required licen ces and permits,
labour stability, stability in market conditions, availability of equipment, the availability of drill rigs, the release of an initial resource report, successful
resolution of disputes and anticipated costs and expenditures. Ma ny assumptions are based on factors and events that are not wi thin the control of
Liberty Gold and there is no assurance they will prove to be correct.
Such forward-looking information, involves known and unknown ris ks, which may cause the actual results to be materially differe nt from any future
results expressed or implied by such forward-looking informati on, including, risks related to the interpretation of results and /or the reliance on
technical information provided by third parties as related to the Company’s mineral property interests; changes in project para meters as plans
continue to be refined; current economic condi tions; future prices of commodities; possi ble variations in grade or recovery rat es; the costs and
timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contract ed parties to perform;
the timing and success of exploration activi ties generally; delays in permitting; possible claims against the Company; labour d isputes and other risks
of the mining industry; delays in obtaini ng governmental approvals, financing or in t he completion of exploration as well as th ose factors discussed
in the Annual Information Form of the Company dated March 26, 2018 in the section entitled "Risk Factors", under Liberty Gold’s SEDAR profile
at www.sedar.com.
Although Liberty Gold has attempted to identify important factors that could cause actual actions , events or results to differ materially from those
described in forward-looking information, there may be other fa ctors that cause actions, events or results not to be as anticip ated, estimated or
intended. There can be no assurance that such information will prov e to be accurate as actual results and future events could d iffer materially from
those anticipated in such statements. Liberty Gold disclaims any intention or obligation to updat e or revise any forward-lookin g information, whether
as a result of new information, future events or otherwise unless required by law.