/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC, July 14,
2022 /CNW/ - Libero
Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF)
(DE: 29H) announces a non-brokered private placement consisting of
up to 9,090,909 flow-through shares at a price of $0.33 per share (the "FT Offering") for
gross aggregate proceeds of up to $3
million. The net proceeds will be used for exploration at
the Big Red porphyry copper project.
Common Shares issued under the FT Offering qualify as 'flow
through shares' ("Flow Through Shares"). The gross
proceeds from the FT 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.
A Finder's Fee of 6% will be payable in cash on a portion of the
FT Offering. Eventus Capital Corp. is acting as a finder in
connection with the FT Offering. Closing of the FT Offering is
subject to approval of the TSX Venture Exchange. Securities
issued in the FT Offering are subject to a statutory hold period of
four months. Closing of the FT Offering is intended to occur on or
around July 21, 2022.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or
sale would be unlawful. The securities being offered have not been,
nor will they be, registered under the 1933 Act and may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the 1933 Act, as amended, and
application state securities laws.
This news release includes forward-looking statements that
are subject to risks and uncertainties. All statements
within, other than statements of historical fact, are to be
considered forward looking. Some of the specific forward-looking
information in this news release includes, but is not limited to,
statements with respect to: the completion of the FT Offering;
the number of securities to be issued under the FT Offering and the
gross proceeds received; the timing of the closing of the FT
Offering; the payment of any finders fees and the form thereof; and
the use of net proceeds from the FT Offering. Although Libero Copper believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions and
regulatory and administrative approvals, processes and filing
requirements. There can be no assurances that such statements will
prove accurate and, therefore, readers are advised to rely on their
own evaluation of such uncertainties. The forward-looking
information contained herein is expressly qualified in its entirety
by this cautionary statement. Forward-looking information reflects
management's current beliefs and is based on information currently
available to Libero Copper. The
forward-looking information is stated as of the date of this news
release and Libero Copper assumes no
obligation to update or revise such information to reflect new
events or circumstances, except as may be required by applicable
law.
SOURCE Libero Copper & Gold
Corporation.