Liberty Gold Corp. (TSX:LGD) is pleased to announce that all warrants issued in the private placement of January 26, 2018 have been exercised for total proceeds of CDN $8,104,988.
Beginning in October 2019, pursuant to the exercise of the Warrants, the Company issued a total of 12,469,212 common shares in Liberty Gold at a price of $0.65 per share. A total of $868,875 was received in Q4 2019, $5,050,598 was received during 2020 and $2,815,515 was received in January 2021.
The Proceeds will enable the Company to continue exploration and drilling programs, to finalize a maiden resource estimate for the Black Pine Project, and to fund working capital needs.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring 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. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios. Our flagship projects are Black Pine in Idaho and Goldstrike in Utah, both past- producing open-pit mines, where previous operators only scratched the surface.
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We acknowledge the [financial] support of the Government of Canada.