/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER,
BC, Feb. 17, 2023 /CNW/ - Libero Copper & Gold Corporation (TSXV:
LBC) (OTCQB: LBCMF) (DE: 29H) ("Libero
Copper") announces it has closed the final tranche of
the non-brokered private placement announced February 7, 2023 and increased February 10 and 13, 2023 (the "Offering")
and issued 3,200,000 units, with each unit consisting of one common
share and one common share purchase warrant (a "Warrant") at
a price of $0.15 per unit for
cumulative gross proceeds of approximately $2.5 million. Each Warrant entitles the holder
thereof to acquire one additional common share at a price of
$0.22 until February 17, 2025. The net proceeds will be used
for exploration at the Mocoa and Esperanza porphyry copper projects
and general working capital.
Existing strategic investor, Anglo Asian Mining Plc, invested in
the final tranche of the Offering to maintain their 19.9% interest
in Libero Copper. Shares issued in
this tranche to Anglo Asian Mining Plc are subject to a hold period
expiring June 18, 2023, pursuant to
the policies of the TSX Venture Exchange.
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. 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 use of gross proceeds from the 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.