The Prospector News

Libero Copper Closes Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email
Choose a PDF page to share:

Libero Copper Closes Private Placement

 

 

 

 

 

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 at a price of C$0.10 per Unit; and (ii) 1,904,761 Common Shares at a price of C$0.105 per Common Share for aggregate gross proceeds of C$1,100,000.

 

Each Unit consists of one Common Share and one common share purchase 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’.  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.

 

Posted June 7, 2019

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email
Choose a PDF page to share:

MORE or "UNCATEGORIZED"


Goldplay Closes Over-Subscribed Private Placement

Goldplay Exploration Ltd. (TSX-V: GPLY) (FRANKFURT: GPE) (OTCQB: ... READ MORE

June 24, 2019

Wallbridge Exploration Drilling Intersects 3.93 g/t Gold over 20.72 metres, including 55.95 g/t Gold over 1.24 metres at Fenelon Gold Property

Wallbridge Mining Company Limited (TSX:WM) (FWB: WC7)is ple... READ MORE

June 24, 2019

Avalon Completes Collaborative Development Agreement on Nechalacho Rare Earth Elements Project, Yellowknife, NWT

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is pleas... READ MORE

June 24, 2019

Northern Dynasty Announces Closing of US$5.0 Million Bought Deal

Northern Dynasty Minerals Ltd. (TSX: NDM) (NYSE American: NAK) an... READ MORE

June 24, 2019

Continental Gold Drills Visible Gold in All Holes Targeting the Centena Vein at Buriticá

Continental Gold Inc. (TSX:CN) (OTCQX:CGOOF) is pleased to announ... READ MORE

June 24, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions