Business
LIBERO COPPER ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $3 MILLION
LIBERO COPPER ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $3 MILLION Cana...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n LIBERO COPPER ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $3 MILLION\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 \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 14, 2022\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) announces a non-brokered private placement consisting of up to 9,090,909 flow-through shares at a price of\n \n $0.33\n \n per share (the \"\n \n FT Offering\n \n \") for gross aggregate proceeds of up to\n \n $3 million\n \n . The net proceeds will be used for exploration at the Big Red porphyry copper project.\n \n \n \n \n \n \n \n \n \n Common Shares issued under the FT Offering qualify as 'flow through shares' (\"\n \n Flow Through Shares\n \n \").  The gross proceeds from the FT Offering will be used to incur 'Canadian exploration expenses' that will qualify as 'flow through mining expenditures' as those terms are defined in the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) which will be renounced to the initial purchasers of the Flow Through Shares.\n \n \n A Finder's Fee of 6% will be payable in cash on a portion of the FT Offering. Eventus Capital Corp. is acting as a finder in connection with the FT Offering. Closing of the FT Offering is subject to approval of the TSX Venture Exchange. Securities issued in the FT Offering are subject to a statutory hold period of four months. Closing of the FT Offering is intended to occur on or around\n \n July 21, 2022\n \n .\n \n \n \n \n About\n \n Libero Copper\n \n & Gold\n \n \n \n \n \n Libero Copper\n \n is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo,\n \n Colombia\n \n ; Esperanza in San Juan,\n \n Argentina\n \n ; and Big Red and Big Bulk in the Golden Triangle, BC,\n \n Canada\n \n . These assets ar...