LIBERO CLOSES PRIVATE PLACEMENT

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[{"type":"text","content":"\n \n \n \n LIBERO CLOSES PRIVATE PLACEMENT\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 Aug. 17, 2023\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H)\n \n \n announces it has closed the first tranche of a non-brokered private placement (the \"\n \n Offering\n \n \") for the sale of 9,130,000 units (the \"\n \n Units\n \n \") at a price of\n \n C$0.05\n \n per Unit for gross proceeds of\n \n C$456,500\n \n . Each Unit is 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 entitles 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 expiring\n \n August 17, 2026\n \n .\n \n \n \n \n \n \n \n \n \n Certain directors of\n \n Libero Copper\n \n subscribed 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 relied 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 does 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 deposit in Putumayo,\n \n Colombia\n \n , and for working capita...

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