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Libero Copper & Gold Announces C$2 Million Private Placement
VANCOUVER, BC, Sept. 19, 2020 /CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce a non-brokered private placem
About this update from Copper Giant Resources Corp
[{"type":"text","content":" VANCOUVER, BC, Sept. 19, 2020 /CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce a non-brokered private placement consisting of up to 12,500,000 common shares (\"Share\") at a price of C$0.16 per Share (\"Offering\") for gross aggregate proceeds of up to $2 million. Shares issued under the Offering qualify as 'flow through shares' (\"Flow Through Shares\"). The gross proceeds from the 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 purchasers of the Flow Through Shares. \"We have completed the first drill program at Ridge and drilling is in progress at ME18,\" comments Ian Slater, Chief Executive Officer. \"This fully subscribed financing will allow us to add additional targets and extend the Big Red drill program through the end of the season.\" The net proceeds of the Offering will be used for drilling Big Red. Eventus Capital Corp. is acting as a finder in connection with the Offering. A Finder's Fee of 6% will be payable in Shares on a portion of the Offering. Closing of the Offering is expected on September 28, 2020 and is subject to approval of the TSX Venture Exchange. About the Big Red Property Big Red is a new gold discovery located 70 kilometres north of Galore Creek and 100 kilometres west of Red Chris in the Golden Triangle, of northwestern British Columbia, Canada. Big Red comprises 20 contiguous claims, totaling 26,000 hectares, 45 kilometres southwest of Telegraph Creek along the Barrington Road. The Golden Triangle is a geological province of prodigious gold and copper mineralisation and host to some of Canada's most famous mines, including Premier, Red Chris, Snip, Brucejack and Eskay Creek. Porphyry copper and gold, epithermal gold and silver and volcanogenic massive sulfide styles of mineralisation have all been recognised within the Golden Triangle. At Big Red porphyry gold-copper targets are peripheral to a distinct large magnetic-high feature and coincide with a radiometric potassium anomaly, copper, gold, silver and molybdenum geochemical anomalies and a mapped Jurassic aged porphyry intrusion. Please see Libero's flickr site for photographs. About Li...