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Libero Closes $4 Million Private Placement
Libero Closes $4 Million Private Placement Canada NewsWire VANCOUVER, BC, June 3...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n\n\n\nLibero Closes $4 Million Private Placement\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, BC, June 3, 2020\n\n\n\nVANCOUVER, BC, June 3, 2020 /CNW/ - Libero Copper & Gold Corporation (TSX-V: LBC, OTCQB: LBCMF) is pleased to announce that the third tranche of the non-brokered private placement upsized and announced on May 6, 2020 (the \"Offering\") has closed and consists of: 8,700,000 FT Units at a price of C$0.15 per Unit (the \"FT Unit Offering\") for gross aggregate proceeds of the entire placement of C$4,000,000.  Eventus Capital Corp. acted as a finder.\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 next week.\"\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 at a price of C$0.15 until May 13, 2022.  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 FT Unit Offering qualify as 'flow through shares' (\"Flow Through Shares\").  The gross proceeds from the FT unit Offering will be used to incur 'Canadian exploration expenses' that will qualify as 'flow through mining expenditures' as those terms are defined in the Income Tax Act which will be renounced to the initial purchasers of the Flow Through Shares.\nThe net proceeds of the Offering will be used for drilling the Ridge high grade gold target at Big Re...