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Liberty Gold Reports Q1 2025 Financial and Operating Results
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:...
About this update from Liberty Gold Corp
[{"type":"text","content":"Liberty Gold Reports Q1 2025 Financial and Operating Results\n\n\n\n VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (\"Liberty Gold\" or the “Company”), is pleased to announce its financial and operating results for the quarter ended March 31, 2025. All amounts are presented in United States dollars unless otherwise stated.\n \n\n\n FIRST QUARTER OF 2025 AND RECENT HIGHLIGHTS\n \n\n\n\n On April 22, 2025, the Company closed a bought deal financing (the “\n \n 2025 Bought Deal\n \n ”)\n \n 1\n \n , whereby the Underwriters purchased, on a bought-deal basis, 69,699,200 Common Shares, at a price of C$0.33 per Unit, for gross proceeds of C$23,000,736. Each Unit consists of one common share of the Company (“\n \n Common Share\n \n ”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.45 until April 22, 2027.\n \n\n On April 28, 2025\n \n 2\n \n we announced the intention of Cal Everett to step down as Chief Executive Officer and Director on June 12, 2025 and the intended appointment of Jon Gilligan, current President and COO, as his replacement.\n \n\n On April 16, 2025\n \n 3\n \n the Company announced that Darin Smith, its Senior Vice President Corporate Development, submitted his notice of resignation, effective May 6th, 2025, to pursue another opportunity.\n \n\n\n\n At the Black Pine project (“\n \n Black Pine\n \n ”),\n \n\n\n On February 6, 2025\n \n 4\n \n , we announced results from step-out and infill drilling, successfully expanding the deposit footprints at Rangefront, M Zone and CD Pit, with mineralization remaining open to extension in all three areas; highlights include:\n \n\n 15.2 m of 5.51 g/t Au including 9.1 m of 7.88 g/t Au in LBP1048;\n \n\n a shallow oxide intercept of 24.4 m of 0.96 g/t Au including 6.1 m of 1.94 g/t Au starting at 76.2 m downhole in LBP1078;\n \n\n LBP1061 returning 21.3 m of 0.54 g/t Au starting at 61 m downhole;\n \n\n 24.4 m of 0.50 g/t Au starting at 109 m downhole in LBP1075; and\n \n\n LBP1076 which returned 19.8 m of 0.62 g/t Au.\n \n\n\n\n\n\n On February 26, 2025\n \n 5\n \n we announced the formal submiss...