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LIBERO COPPER UPSIZES FINANCING TO $4.5 MILLION AND ANNOUNCES CLOSING OF FIRST TRANCHE FLOW-THROUGH PRIVATE PLACEMENT
LIBERO COPPER UPSIZES FINANCING TO $4.5 MILLION AND ANNOUNCES CLOSING OF FIRST TRANCHE FL...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n LIBERO COPPER UPSIZES FINANCING TO $4.5 MILLION AND ANNOUNCES CLOSING OF FIRST TRANCHE FLOW-THROUGH 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 THROUGH U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 29, 2022\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (\"\n \n \n Libero Copper\n \n \n \") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the \"\n \n Offering\n \n \") consisting of 8,276,670 flow-through common shares at a price of\n \n $0.33\n \n per share for aggregate gross proceeds of approximately\n \n $2.7 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 \n Libero Copper\n \n intends to close the final tranche of the Offering for approximately\n \n $1.8 million\n \n on or around\n \n August 4, 2022\n \n . Closing of the Offering is subject to approval of the TSX Venture Exchange. Existing insider, Anglo Asian Mining Plc, will invest in common shares in the final tranche of the Offering to maintain its 19.9% interest in\n \n Libero Copper\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% in cash will be paid on a portion of the Offering in accordance with the policies of the TSX Venture exchange. Eventus Capital Corp. and Red Cloud Securities Inc. are each acting as a finder in connection with the Offering.\n \n \n ...