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Libero Announces Upsize of Private Placement to $4 Million
Libero Announces Upsize of Private Placement to $4 Million Canada NewsWire VANCO...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n\n\n\nLibero Announces Upsize of Private Placement to $4 Million\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 6, 2020\n\n\n\nVANCOUVER, May 6, 2020 /CNW/ - Libero Copper & Gold Corporation (TSX-V: LBC, OTCQB: LBCMF) is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement consisting of: (i) Units (\"Unit\") at a price of C$0.10 per Unit (the \"NFT Unit Offering\"); (ii) Units at a price of C$0.15 per Unit (the \"Super FT Unit Offering\") and (iii) Units at a price of C$0.11 per Unit (the \"FT Unit Offering\" and together with the NFT Unit Offering and Super FT Unit Offering, the \"Offering\") for gross aggregate proceeds of $4 million.\n\"This significantly oversubscribed financing was very well supported by insiders, existing shareholders and several new institutional shareholders fully funding the 2020 drill program at Big Red,\" comments Ian Slater, Chief Executive Officer. \"The upsized financing provides us confidence to implement a robust exploration program during the upcoming field season commencing in June.\"\nEventus Capital Corp. is acting as a finder in connection with a portion of the Offering.\nEach Unit consists of one Common Share (\"Common Share\") and one Common Share purchase Warrant (\"Warrant\").  Each Warrant entitles the holder to acquire one Common Share for a period of 24 months from closing at a price of C$0.15.  If the closing price of the Common Shares is at a price equal to or greater than $0.20 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.\nCommon Shares issued under the Super FT Unit Offering and FT Unit Offering qualify as 'flow through shares' (\"Flow Through Shares\").  The gross proceeds from the Super FT Unit Offering and FT unit Offering will be used to incur 'Canadian ...