The Prospector News

LIBERO COPPER SECURES $2.86M FINANCING

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

LIBERO COPPER SECURES $2.86M FINANCING

 

 

 

 

 

Libero Copper & Gold Corporation (TSX-V: LBC) (OTCQB: LBCMF) announces that, further to its press release dated February 23, 2024, it has closed a non-brokered private placement for aggregate gross proceeds of $2,860,000.

 

Libero Copper issued 11,000,000 units at a price of $0.26 per Unit, with each Unit consisting of one Common Share, and one full common share purchase warrant with each Warrant entitling the holder to acquire an additional Common Share at an exercise price of $0.50 per Warrant until March 11, 2027. Common Shares issued in the Offering as well as any Common Shares issuable from the exercise of Warrants which were issued in the Offering, are subject to a four month hold period expiring July 12, 2024.

 

“We are thrilled to welcome Mr. Frank Giustra as a strategic investor in Libero Copper. Mr. Giustra’s esteemed reputation and successful track record as a mining entrepreneur precede him,” stated Ian Harris, President & CEO of Libero Copper. “His profound understanding of industry dynamics and the imperative of meeting the growing demand for copper in the transition to a clean energy future attest to the immense potential of our company. His support will be invaluable in unlocking the full potential of the Mocoa copper-molybdenum porphyry deposit.”

 

The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.

 

Certain insiders of the Company participated in the Private Placement and acquired an aggregate of 1,240,000 Units. The purchase constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The issuances are exempt from the formal valuation and minority shareholder approval requirements of MI 61- 101 as they are distributions of securities for cash and the fair market value of the Units issued to, and the consideration paid by, the insiders did not exceed 25% of the Company’s market capitalization. No new insiders were created, nor any change of control occurred, as a result of the Offering.

 

The Company has also retained Fiore Management & Advisory Corp. to provide financial, regulatory and corporate administration services.

 

About Libero Copper

 

Libero Copper is a mineral exploration company which is focussed on unlocking the value of the Mocoa copper-molybdenum porphyry deposit located in Putumayo, Colombia. Mocoa is being advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in Colombia. Libero Copper prioritizes building strong relationships with the communities in which we operate and is dedicated to creating long-term value for our shareholders through responsible exploration to fuel the green energy future.

 

Posted March 12, 2024

Share this news article

MORE or "UNCATEGORIZED"


Athena Announces Red Lake's Newest Grassroots Discovery: Drills 23.85 Grams per Tonne Gold over 5 Metres at Laird

Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) is pleased to ... READ MORE

August 19, 2026

Stakeholder Delivers Standout Assays from Hole BA2601 at the Loki Target: Highly Anomalous Cu-Ni-Co and Separate PGE Mineralization Confirm a Fertile Magmatic Sulphide System

First Batch of Results From the Loki Target Delivers a Significan... READ MORE

August 19, 2026

NexGold Intersects 5.26 g/t Gold over 7.0 Metres and 7.08 g/t Gold over 5.0 Metres in RC Infill Drill Program at the Goldboro Gold Project, Nova Scotia

NexGold Mining Corp. (TSX-V: NEXG) (OTCQX: NXGCF) is pleased to p... READ MORE

August 19, 2026

Omai Gold Announces Preliminary Economic Assessment for Its Omai Project, Guyana

Highlights of Omai Project Preliminary Economic Assessment 6.327 ... READ MORE

August 19, 2026

Gladiator Intersects 40.0m @ 1.98% Cu, 0.31 g/t Au, 13.29 g/t Ag & 920 ppm Mo Adding Broad High-Grade Copper and Molybdenum at Cowley

Gladiator Metals Corp. (TSX-V: GLAD) (OTCQB: GDTRF) (FSE: ZX7) is... READ MORE

August 19, 2026

Copyright 2026 The Prospector News