/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, March 23,
2023 /CNW/ - Libero Copper & Gold
Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE:
29H) ("Libero Copper")
is pleased to announce that it has established an at-the-market
equity program (the "ATM Program"). The ATM Program allows
Libero Copper to issue and sell, at
its discretion, up to $5,000,000 of
common shares in the capital of Libero
Copper ("Common Shares") to the public from time to
time through Independent Trading Group (ITG) Inc. (the
"Agent"), as sole agent, at the prevailing market price when
issued, directly on the TSX Venture Exchange or any other
recognized marketplace upon which the Common Shares are listed or
quoted or where the Common Shares are traded in Canada. Libero
Copper intends to use the net proceeds from any sales of
Common Shares under the ATM Program for exploration of its Mocoa
Project located in Putumayo, Colombia, exploration of its Esperanza Project
located in San Juan, Argentina,
and for general corporate purposes.
Distribution of Common Shares under the ATM Program will be made
pursuant to the terms of an equity distribution agreement (the
"Equity Distribution Agreement") dated March 22, 2023 entered into between Libero Copper and the Agent.
The ATM Program will be effective until the earlier of the
issuance and sale of all of the Common Shares issuable pursuant to
the ATM Program and the date on which the receipt issued for
Libero Copper's base shelf
prospectus dated February 23, 2022
(the "Base Shelf Prospectus") ceases to be effective in
accordance with Canadian Securities laws, unless terminated prior
to such date by Libero Copper or the
Agent. As Common Shares sold in the ATM Program will be issued and
sold at the prevailing market price at the time of the sale, prices
may vary among purchasers during the period of distribution.
The offering under the ATM Program will be made pursuant to a
prospectus supplement dated March 22,
2023 (the "Prospectus Supplement") to the Base Shelf
Prospectus, which has been filed with the applicable securities
regulatory authorities in each of the provinces and territories in
Canada. The Equity Distribution
Agreement, the Prospectus Supplement and the Base Shelf Prospectus
may be obtained on request, without charge, from the Corporate
Secretary of Libero Copper at Suite
905 – 1111 West Hastings Street, Vancouver, British Columbia, V6E 2J3
(Telephone +1 778 372 2553) and are available on the System for
Electronic Document Analysis and Retrieval ("SEDAR") website
at www.sedar.com.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be
any sale of the securities in the United
States, or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or
under any U.S. state securities laws, and may not be offered, sold,
directly or indirectly, or delivered within the "United States" or to, or for the account
or benefit of, persons in the "United
States" or "U.S. persons" (as such terms are defined in
Regulation S under the U.S. Securities Act) except in certain
transactions exempt from the registration requirements of the U.S.
Securities Act and all applicable U.S. state securities laws.
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.
Forward-looking information and statements
Certain information contained herein constitutes
"forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"potential", "we believe", or variations of such words and phrases
or statements that certain actions, events or results "will" occur.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Libero Copper to
be materially different from those expressed or implied by such
forward-looking statements or forward-looking information,
including: information concerning the expected sale of
Common Shares under the ATM Program, the price, volume and timing
of the sale and distribution of Common Shares under the ATM
Program, the anticipated use of proceeds of any offering under the
ATM Program, and anticipated benefits and impacts of the ATM
Program. Forward-looking statements are based on Libero Copper's current beliefs and assumptions
as to the outcome and timing of future events, including, but not
limited to, that Libero Copper makes
sales of Common Shares under the ATM Program, that the proceeds of
any offering conducted under the ATM Program will be deployed as
anticipated, and the anticipated benefits and impacts of the ATM
Program being realized. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results,
performance and opportunities to differ materially from those
implied by such forward-looking statements. Factors that could
cause actual results to differ materially from these
forward-looking statements include, among other things: the ability
of Libero Copper to successfully
close a financing, including the ATM Program, the price, volume and
timing of sale of Common Shares under the ATM Program not being
determinable at this time, the anticipated use of proceeds from any
offering made under Libero Copper's
Base Prospectus and any offerings to be conducted thereunder
including the ATM Program, and the benefits and impacts of the ATM
Program not being as anticipated. Although management of
Libero Copper have attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information.
Libero Copper will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Libero Copper & Gold
Corporation.