Libero Copper & Gold Corporation (TSX-V: LBC) (OTCQB: LBCMF) (DE: 29H) announces it has closed the second tranche of the non-brokered private placement announced February 7, 2023 and increased February 10 and 13, 2023 and issued 6,666,667 units, with each unit consisting of one common share and one common share purchase warrant at a price of $0.15 per unit for cumulative gross proceeds of approximately $2 million. Each Warrant entitled the holder thereof to acquire one additional common share at a price of $0.22 until February 15, 2025. The net proceeds will be used for exploration at the Mocoa and Esperanza porphyry copper projects and general working capital.
Finder’s fees of 6% cash and 6% broker warrants were paid on a portion of the Offering in accordance with the policies of the TSX Venture Exchange.
This tranche of the Offering was made to purchasers resident in all provinces of Canada (except Quebec), the United States and in certain foreign jurisdictions, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Pursuant to the limitations of the Listed Issuer Financing Exemption, the units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
Libero Copper intends to close the final tranche of the Offering of up to 3,200,000 units on or around February 17, 2023 with Anglo Asian Mining Plc.
About Libero Copper
Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the Golden Triangle, BC, Canada. These assets are being advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.
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