Libero Copper & Gold Corporation (TSXV:LBC) has closed the final tranche of its non-brokered private placement for aggregate gross proceeds, including the prior tranche announced on July 29, 2022, of approximately $4.5 million.
The net proceeds will be used for exploration at the Big Red porphyry copper project in British Columbia, Canada and general corporate purposes.
Existing insider, Anglo Asian Mining Plc, participated for 2,900,000 common shares of the Offering to maintain its 19.9% interest on a non-fully diluted basis in Libero Copper.
The gross proceeds from the Flow Through Shares issued under the 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 (Canada) which will be renounced to the initial purchasers of the Flow Through Shares.
Eventus Capital Corp. and Red Cloud Securities Inc. acted as a finder in connection with portions of the Offering.
About Libero Copper & Gold
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.
For further information please visit: https://www.liberocopper.com/