Business
Liberty Gold Completes Strategic 9.9% Investment by Centerra Gold Inc.
VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce that it has closed its previously announced private placement (the “Placement”) with Centerra Gold Inc. (“Centerra”), whereby Centerra will acquire 9.9% of the issued and outstanding common shares of the Company (the “Common Shares”). Pursuant to the Placement, Centerra acquired 50,025,230 common shares of Liberty Gold at a price of
About this update from Centerra Gold Inc.
[{"type":"image","alt":"Liberty Gold Corp.","displaySize":"","headline":null,"caption":"Liberty Gold Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":86,"url":"https://media.zenfs.com/en/globenewswire.com/5756f0f50c084d3b01862112dad675ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_dus3YbixL.Kivv.9.CI7A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/5756f0f50c084d3b01862112dad675ea","width":300,"height":86}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce that it has closed its previously announced private placement (the “Placement”) with Centerra Gold Inc. (“Centerra”), whereby Centerra will acquire 9.9% of the issued and outstanding common shares of the Company (the “Common Shares”).","length":410,"tagName":"p"},{"type":"text","content":"Pursuant to the Placement, Centerra acquired 50,025,230 common shares of Liberty Gold at a price of C$0.56 per Common Share for gross proceeds of approximately C$28.01 million. The issue price represented a 10% premium to the 5-day volume weighted average price of the Common Shares as traded on the Toronto Stock Exchange (“TSX”) prior to announcement of the transaction.","length":372,"tagName":"p"},{"type":"text","content":"The net proceeds from the Placement will be used to advance technical studies at Liberty Gold’s flagship Black Pine oxide gold project in Idaho and for general corporate purposes.","length":179,"tagName":"p"},{"type":"text","content":"Jon Gilligan, President and CEO of Liberty Gold, commented: “The closing of this strategic investment marks an important milestone for Liberty Gold. Centerra’s endorsement underscores the strength of Black Pine and validates the progress we have made in de-risking and advancing the project. With their operational depth and regional experience, we are well-positioned to accelerate Black Pine towards feasibility and ultimately a construction decision.”","length":454,"tagName":"p"},{"type":"text","content":"In connection with the Placement, Liberty Gold and Centerra have entered into an investor rights agreement dated September 29, 2025 (the “Investor Rights Agreement”), whereby, subject to conditions includi...