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LIBERO COPPER ANNOUNCES CLOSING OF THE WARRANT INCENTIVE PROGRAM RAISING GROSS PROCEEDS OF CDN$1,660,847
LIBERO COPPER ANNOUNCES CLOSING OF THE WARRANT INCENTIVE PROGRAM RAISING GROSS PROCEEDS OF CDN$1,...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n\n\n\n LIBERO COPPER ANNOUNCES CLOSING OF THE WARRANT INCENTIVE PROGRAM RAISING GROSS PROCEEDS OF CDN$1,660,847\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n April 15, 2025\n \n\n /CNW/ - (\"\n \n Libero\n \n \" or the \"\n \n Company\n \n \") (TSXV: LBC) (OTCQB: LBCMF) (FRA: 29H) is pleased to announce that further to its press releases dated\n \n March 25, 2025\n \n and\n \n April 10, 2025\n \n , the Company has closed its warrant incentive program receiving gross proceeds of\n \n Cdn$1,660,847\n \n from the exercise of 8,304,234 outstanding common share purchase warrants, which includes\n \n Frank Giustra\n \n and\n \n Ian Harris'\n \n exercise of 4,166,667 warrants, previously announced. These warrants were exercised\n \n between March 25 and April 15, 2025\n \n at an exercise price of\n \n Cdn$0.20\n \n .\n \n\n\n\n\n\n\n\n\n To encourage the exercise of the outstanding warrants issued as part of the Company's private placement which closed on\n \n February 15, 2024\n \n , the Company issued an aggregate of 8,304,234 common share purchase warrants (the \"\n \n Sweetener Warrants\n \n \") to such warrant holders who exercised under the warrant incentive program at no additional cost. Each Sweetener Warrant has an exercise price of\n \n Cdn$0.30\n \n per common shares and will expire on the original expiry date of\n \n February 15, 2027\n \n .\n \n\n The Sweetener Warrants will be subject to a four month and one day hold period from their date of issuance. The use of proceeds for any Sweetener Warrant exercised will be used to support exploration at Mocoa and for general working capital.\n \n\n The Company further reports that it has entered into an agreement with Machai Capital Inc. (\"\n \n Machai\n \n \") dated\n \n April 9, 2025\n \n , pursuant to which Machai will provide a digital marketing campaign (the \"\n \n Machai Agreement\n \n \"). The term of the Machai Agreement is for three months for a total retainer of\n \n $200,000\n \n (plus GST), to be paid upfront.\n \n\n Under the Machai Agre...