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LIBERO ANNOUNCES PRIVATE PLACEMENT OF UP TO $2 MILLION
LIBERO ANNOUNCES PRIVATE PLACEMENT OF UP TO $2 MILLION Canada NewsWire /NOT F...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n LIBERO ANNOUNCES PRIVATE PLACEMENT OF UP TO $2 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 DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 17, 2023\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") for the sale of up to 40,000,000 units (the \"\n \n Units\n \n \") at a price of\n \n C$0.05\n \n per Unit for gross proceeds of up to\n \n C$2,000,000\n \n . Each Unit will be comprised of one common share (each, a \"\n \n Unit Share\n \n \") and one common share purchase warrant (each, a \"\n \n Warrant\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$0.075\n \n for a period of 36 months following the closing date of the Offering.\n \n \n \n \n \n \n \n \n \n It is anticipated that the directors of\n \n Libero Copper\n \n will subscribe for Units in the Offering. The subscription of Units to insiders pursuant to the Offering is considered a related party transaction for purposes of Multilateral Instrument 61-101 –\n \n Protection of Minority Shareholders in Special Transactions\n \n (\"\n \n MI 61-101\n \n \"). Libero intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation, based on the determination that fair market value of the participation in the Offering by insiders will not exceed 25% of the market capitalization of\n \n Libero Copper\n \n , as determined in accordance with MI 61-101.\n \n \n The net proceeds from the sale of Units will be used for exploration of\n \n Libero Copper's\n \n projects, including the Esperanza project in San Juan,\n \n Argentina\n \n and the Mocoa dep...