Liberty Gold Announces Closing of C$12.5 Million Non-Brokered Private Placement Financing
Page 1 of 2
News Release 24-10 May 21, 2024
Liberty Gold Announces Closing of C$12.5 Million Non-Brokered
Private Placement Financing
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ( “Liberty Gold ” or the
“Company”) is pleased to announce the closing of the non-brokered, private placement financing
raising proceeds of C$12.5 million (the “Offering”).
Under the Offering, the Company sold 35,715,362 units of the Company (the “Units”) at an issue
price of C$ 0.35 per Unit. Each Unit consist s of one common share of Liberty Gold (each, a
“Common Share”) and 1/2 of a common share purchase warrant (a “Warrant”). Each Warrant
entitles the holder to acquire one common share of Liberty Gold at a price of C$0.45 for a period
of 24 months following completion of the Offering.
The proceeds of the Offering will be used for exploration drilling on seven new high-priority target
areas identified at Black Pine, engineering, development, economic studies and permitting
programs for the Company's projects in the Great Basin and for general working capital.
All securities issued under the Offering are subject to a four month and one day hold period which
will expire on September 18, 2024.
The securities offered have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not
be offered or sold in the United States or to, or for the account or benefit of, United States persons
absent registration or any applicable exemption from the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be
any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin
of the United States, home to large -scale gold projects that are ideal for open -pit mining. This
region is one of the most prolific gold-producing regions in the world and stretches across Nevada
and into Idaho and Utah. We know the Great Basin and are driven to discover and advance big
gold deposits that can be mined profitably in open-pit scenarios.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
Page 2 of 2
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, the use of proceeds of the offering, the timing and completion of
the Preliminary Feasibility Study, the timing and completion of formal mine permitting, and the potential quantity and/or grade
of minerals and Liberty Gold’s mineral resources. Forward-looking information is often, but not always, identified by the use of
words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”,
“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 achieved. Forward -looking
information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management
at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices,
currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental
approvals and financing on time, obtaining renewals for existing licenses and permits and obt aining required licenses and
permits, labour stability, stability in market conditions , the timing and success of future plans and objectives in the areas of
sustainable development, health, safety, environment, community development ; successful resolution of disputes and
anticipated costs and expenditures and the timing of regulatory approvals. Many assumptions are based on factors and events
that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.
Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially
different from any future results expressed or implied by such forward -looking information, 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 parameters as plans continue to be refined; current economic conditions; future
prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits;
failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success
of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks
of the mining industry; delays in obtaining governmental approvals, the completion of exploration as well as those factors
discussed in the Annual Information Form of the Company dated March 28, 2024 in the section entitled "Risk Factors", under
Liberty Gold’s SEDAR+ profile at www.sedarplus.ca.
Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to diffe r
materially from those described in forward-looking information, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims an y
intention or obligation to update or revise any forward -looking information, whether as a result of new information, future
events or otherwise.