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"


South Pacific Metals Extends the Mineralized Structures at Megabe to More than 300 Metres of Confirmed Strike Length; Structures Open Along Strike and at Depth

Step-out drilling places SPMC on the upper margin of a potential ... READ MORE

August 24, 2026

North Arrow Extends Target AE Strike Length to 1000 m and Completes Rotation 3 Regional RC Drilling, Kraaipan Gold Project, Botswana

New surface targets identified North Arrow Minerals Inc. (... READ MORE

August 24, 2026

USA Rare Earth Announces Completion of Upsized $1.55 Billion Capitalization of the U.S. Government-Backed Special Purpose Vehicle for Serra Verde Offtake

U.S. Department of War (DoW) provides a $750 million investment i... READ MORE

August 24, 2026

Lavras Gold Intersects High-Grade Gold at Caneleira, Supporting Near-Surface Continuity of the Vein System

Hole 26CN044 returns 24.30 g/t gold over a drilled width of 9 met... READ MORE

August 24, 2026

Ivanhoe Electric Receives Preliminary Project Letter from the Export-Import Bank of the United States for $1.1 Billion in Potential Debt Financing for the Santa Cruz Copper Project

Letter Provides Increased Potential Debt Financing from $825 Mill... READ MORE

August 24, 2026

Copyright 2026 The Prospector News