Business
Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tranche
Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tran...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tranche\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 /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 2, 2021\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 due to strong investor demand, it has increased the non-brokered private placement announced on\n \n November 8, 2021\n \n (the \"\n \n Offering\n \n \") for the sale of up to 14,000,000 units (the \"\n \n Units\n \n \") at a price of\n \n $0.50\n \n per Unit for gross proceeds of up to\n \n $7,000,000\n \n . Each Unit will be comprised of one common share (each, a \"\n \n Unit Share\n \n \") and one half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \").\n \n \n \n \n \n \n \n \n \n Each Warrant will entitle the holder thereof to purchase one common share (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n C$0.75\n \n until\n \n December 1, 2023\n \n . If during the exercise period of the Warrants, but after the resale restrictions on the Common Shares have expired, the closing price of the Common Shares is at a price equal to or greater than\n \n $1.00\n \n for a period of 10 consecutive trading days,\n \n Libero Copper\n \n will have the right to accelerate the expiry date of the Warrants by giving notice, via a new release, to the holders of the Warrants that the Warrants will expire on the date that is 30 days after the issuance of said news release.\n \n \n The first tranche of 4,000,000 units (the \"\n \n Units\n \n \") at a price of\n \n $0.50\n \n per Unit for gross proceeds of\n \n $2,000,000\n \n was closed on\n \n December 1\n \n , 2021.  Eventus Capital Corp. acted as a finder in connection with a portion of the Offering.\n \n \n The net proceeds will b...