Liberty Gold Closes C$23 Million Bought Deal Public Offering
Page 1 of 2
News Release 25-09 April 22, 2025
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Liberty Gold Closes C$23 Million Bought Deal Public Offering
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD ; OTCQX: LGDTF) (“ Liberty Gold ” or the
“Company”) is pleased to announce that it has closed its previously announced “bought deal” public
offering of 69,699,200 units of the Company (the "Units") at a price of C$0.33 per Unit for gross
proceeds of C$ 23,000,736, which included the exercise, in full, of the Underwriters’ over -
allotment option (the “ Offering”). The Offering was conducted by Canaccord Genuity Corp.
(“Canaccord Genuity”), as sole bookrunner, and BMO Capital Markets, as co-lead underwriter with
Canaccord Genuity, and included Paradigm Capital Inc., Desjardins Securities Inc. and Ventum
Financial Corp. (collectively, the “Underwriters”).
Each Unit consist s of one common share of the Company and one -half of one common share
purchase warrant of the Company (each whole common share purchase warrant, a " Warrant").
Each Warrant entitles the holder thereof to acquire one common share of the Company at a price
of C$0.45 until April 22, 2027.
The Units were offered in Canada by way of a prospectus supplement of the Company dated April
16, 2025 (the “ Prospectus Supplement ”) to the Company’s existing short form base shelf
prospectus dated June 21, 2023 (the “Base Shelf Prospectus”). The Units were also offered in the
United States on a private placement basis pursuant to an exemption from the registration
requirements of the United States Securities Act of 1933 , as amended (the “U.S. Securities Act”),
and in offshore jurisdictions on a private placement basis as agreed upon by the Company and the
Underwriters, in each case in accordance with all applicable laws . Copies of the Prospectus
Supplement, Base Shelf Prospectus and documents incorporated by reference therein are available
electronically on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.
The net proceeds of the Offering will be used to advance the Company’s Black Pine Oxide Gold
Project, as well as for working capital and general corporate purposes, as set out in the Prospectus
Supplement.
The Offering remains subject to the final approval of the Toronto Stock Exchange.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S.
Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States
absent registration or any applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws.
Page 2 of 2
This news 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 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. The Company is advancing the Black Pine Project in southeastern Idaho,
a past-producing, Carlin-style gold system with a large, growing resource and strong economic
potential.
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. Forward -looking information is often, but not always, identifie d by the use of
words such as “intends”, “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “t argeting”,
“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 estim ates 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 obtaining required licenses and permits, labour stability, stability in
market conditions, the timing and success of future plans and objecti ves in the areas of sustainable development, health, safety,
environment, community development; successful resolution of disputes and anticipated costs and expenditures and the timing o f
regulatory approvals. Many assumptions are based on factors and even ts 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 that the Offering will not close on
the anticipated timeline and terms, risks that the Company will not use the net proceeds of the Offering as anticipated, and 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 develo pment of new deposits; failure of
equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exp loration
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 25, 2025 in the section entitled "Risk Factors", and under the Prospectus Supplement and Base
Shelf Prospectus, available 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 differ 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 resul ts, and
future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any in tention or obligation to
update or revise any forward -looking information, whether as a result of new information, future events or otherwise , except as
required by applicable laws.