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Libero Announces Private Placement of up to C$5 Million
Libero Announces Private Placement of up to C$5 Million Canada NewsWire ...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n Libero Announces Private Placement of up to C$5 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 8, 2021\n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (\"\n \n \n Libero Copper\n \n \n \") is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") for the sale of up to 10,000,000 units (the \"\n \n Units\n \n \") at a price of\n \n C$0.50\n \n per Unit for gross proceeds of up to\n \n C$5,000,000\n \n . Each Unit will be comprised of one common share (each, a \"\n \n Unit Share\n \n \") and one half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \").\n \n \n \n \n \n \n \n \n \n Each Warrant will entitle the holder thereof to purchase one common share (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n C$0.75\n \n for a period of 24 months following the closing date of the Offering. If during the exercise period of the Warrants, but after the resale restrictions on the Common Shares have expired, the closing price of the Common Shares is at a price equal to or greater than\n \n $1.00\n \n for a period of 10 consecutive trading days, Libero will have the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release.\n \n \n The net proceeds from the sale of Units will be used for exploration and drilling the Mocoa porphyry copper project and for working capital and general corporate purposes.\n \n \n Red Cloud Securities Inc. and Eventus Capital Corp. are acting as finders in connection with a portion of the Offering. Finder's fees will be payable in accordance with the policies of the TSX Venture Exchange.\n \n \n The closing of the O...