Libero Copper & Gold Corporation (TSXV: LBC) has decided to increase the non-brokered private placement announced February 7, 2023 to now raise gross proceeds of approximately $2M.
The net proceeds raised is to ensure that at a minimum, the company will have positive working capital for a period of 12 months following the closing of the Offering and for Libero Copper to maintain its operations at the Mocoa and Esperanza porphyry copper projects. Any increased amount raised will be used for further exploration at the properties.
Existing strategic investor, Anglo Asian Mining Plc, may choose to invest to maintain their 19.9% interest in Libero Copper.
Libero Copper intends to close the Offering on or around February 13, 2023. Closing of the Offering is subject to approval of the TSX Venture Exchange. Finder’s Fees of 6% cash and 6% broker warrants will be paid on a portion of the Offering in accordance with the policies of the TSX Venture exchange. Eventus Capital Corp. is acting as a finder in connection with the Offering.
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.
For further information please visit: https://www.liberocopper.com/
