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Liberty Gold Announces Strategic 9.9% Investment by Centerra Gold Inc.
VANCOUVER, British Columbia, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTC...
About this update from Liberty Gold Corp
[{"type":"text","content":"Liberty Gold Announces Strategic 9.9% Investment by Centerra Gold Inc.\n\n\n\n VANCOUVER, British Columbia, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (\"Liberty Gold\" or the “Company”), is pleased to announce that it has entered into a subscription agreement (the “Subscription”) with Centerra Gold Inc. (“Centerra”), whereby Centerra will acquire 9.9% of the issued and outstanding common shares of the Company (the “Common Shares”).\n \n\n Jon Gilligan, CEO of Liberty Gold, commented: “\n \n We are thrilled to welcome Centerra as a strategic investor in Liberty Gold. Their investment is a strong endorsement of our progress and the compelling potential of our flagship US oxide gold project, Black Pine. With Centerra’s technical depth, operational experience and existing presence in Idaho, we see a clear path to unlocking value and de-risking Black Pine’s development timeline. We look forward to collaborating closely as we accelerate Black Pine towards feasibility and on to a construction decision.\n \n ”\n \n\n Paul Tomory, CEO of Centerra added: “\n \n We are pleased to support the Liberty Gold team with this strategic investment. Liberty Gold’s 2024 pre-feasibility study on Black Pine, combined with the recent drill results from the legacy heap and Rangefront, demonstrate the potential of the asset and highlight areas where future resource growth may be possible. As the project moves through development, we believe our regional and operational expertise can complement Liberty Gold’s efforts and create meaningful synergies to bring Black Pine into production.\n \n ”\n \n\n Under the Subscription, Centerra has agreed to purchase, by way of private placement, 50,025,230 Common Shares at a price of C$0.56 per share for gross proceeds of C$28.01 million. The issue price represents a 10% premium to the 5-day volume weighted average price of the Common Shares as traded on the Toronto Stock Exchange (“TSX”).\n \n\n Proceeds from the strategic investment will be used to advance technical studies at Black Pine and for general corporate purposes. The Subscription is expected to close on or about October 1, 2025, subject to customary conditions including TSX approval.\n \n\n In co...