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LIBERO COPPER ANNOUNCES INCREASE TO FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $4.4 MILLION
LIBERO COPPER ANNOUNCES INCREASE TO FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $4.4 MILLION ...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n LIBERO COPPER ANNOUNCES INCREASE TO FLOW-THROUGH PRIVATE PLACEMENT OF UP TO $4.4 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 NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 21, 2022\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) announces an increase to the previously announced non-brokered private placement now consisting of up to 10,500,000 flow-through common shares and up to 2,800,000 common shares all at a price of\n \n $0.33\n \n per share (the \"\n \n Offering\n \n \") for gross aggregate proceeds of up to\n \n $4.4 million\n \n . The net proceeds will be used for exploration at the Big Red porphyry copper project.  Existing insider, Anglo Asian Mining Plc, will invest in common shares in the Offering to maintain their 19.9% interest in the Corporation.\n \n \n \n \n \n \n \n \n \n Some common shares issued under the Offering qualify as 'flow through shares' (\"\n \n Flow Through Shares\n \n \").  The gross proceeds from the Flow Through Shares issued under 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\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 Offering. Eventus Capital Corp. and Red Cloud Securities Inc. are each acting as a finder in connection with the Offering. Closing of the Offering is subject to approval of the TSX Venture Exchange. Securities issued in the Offering are subject to a statutory hold period of four months.  Closing of the Offering is intended to occur on or around\n \n July 28, 2022\n \n .\n \n \n The issuance of common shares to Anglo Asian Mining Plc will be considered a \"related party transaction\" withi...