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SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Dec. 12,
2024 /CNW/ - Libero
Copper & Gold Corporation (TSXV: LBC) (OTCQB:
LBCMF) (DE: 29H) ("Libero" or the "Company") is
pleased to announce that it has closed its previously announced
public offering (the "Offering") of 8,571,428 units of the
Company (the "Units") at a price of $0.35 per Unit, for aggregate gross proceeds of
$3,000,000. The Offering was led by
Research Capital Corporation as the sole agent and sole bookrunner
(the "Agent").
Each Unit is comprised of one common share of the Company (a
"Common Share") and of one Common Share purchase
warrant of the Company (a "Warrant"). Each Warrant will
entitle the holder thereof to purchase one Common Share at an
exercise price of $0.50 until
December 12, 2026.
The net proceeds from the Offering will be used by the Company
for the exploration of the Mocoa copper-molybdenum project, working
capital and general corporate purposes.
In connection with the Offering, the Company has filed a
prospectus supplement (the "Supplement") dated December 4, 2024 to the Company's short form base
shelf prospectus dated November 29,
2024 (the "Shelf Prospectus"), with the securities
regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the Shelf Prospectus and
the Supplement filed in connection with the Offering, can be found
on SEDAR+ at www.sedarplus.ca.
The Company has granted the Agent an option (the
"Over-Allotment Option") to increase the size of the
Offering by up to an additional number of Units, and/or the
components thereof, that in the aggregate would be equal to
approximately 15% of the total number of Units to be issued under
the Offering, to cover over-allotments, if any, and for market
stabilization purposes, exercisable at any time and from time to
time up to 30 days following the closing of the Offering.
In connection with the Offering, the Company paid to the Agent a
cash commission of $160,049.99 and
issued to the Agent 457,286 broker warrants (the "Broker
Warrants"). In addition, the Agent received an advisory fee of
$19,000 and 57,000 advisory broker
warrants on the same terms as the Broker Warrants. Each Broker
Warrant entitles the holder thereof to acquire one Common Share at
a price of $0.35 per Common Share
until December 12, 2026.
This press release is not an offer to sell or the solicitation
of an offer to buy the securities in the
United States or in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to qualification or
registration under the securities laws of such jurisdiction. The
securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, and such securities may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. persons absent registration or an
applicable exemption from U.S. registration requirements and
applicable U.S. state securities laws.
About Libero Copper
Libero Copper is led by a team
with rare experience—having advanced projects from post-resource
discovery to the path of construction, including some of the few
large copper projects built in the last 20 years. This real-world
expertise drives Libero Copper's
focus on relationships, responsibility, trust, and a relentless
commitment to sustainable progress.
At the core of Libero Copper's
portfolio is the Mocoa copper-molybdenum porphyry deposit in
Putumayo, Colombia. Mocoa stands
as a cornerstone asset with immense potential for
expansion.
Now, with the Fiore Group's bold company-building vision behind
it, Libero Copper is uniquely
positioned to fill a crucial gap in the copper industry—advancing
large-scale projects toward construction. Through this approach,
Libero Copper is committed to
creating lasting value for all stakeholders while positioning
itself at the forefront of meeting the growing global demand for
copper—the metal driving progress in the modern economy.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This news release contains certain statements which
constitute forward-looking statements or information under
applicable Canadian securities laws, including statements relating
to the expected use of proceeds from the Offering. Such
forward-looking statements are subject to numerous known and
unknown risks, uncertainties and other factors, some of which are
beyond the Company's control, which could cause actual results or
events to differ materially from those stated, anticipated or
implied in the forward-looking statements. Although the Company
believes that the forward-looking statements in this news release
are reasonable, they are based on factors and assumptions, based on
currently available information, concerning future events, which
may prove to be inaccurate. As such, readers are cautioned not to
place undue reliance on the forward-looking statements, as no
assurance can be provided as to future plans, operations, results,
levels of activity or achievements. The forward-looking statements
contained in this news release are made as of the date of this news
release and, except as required by applicable law, the Company does
not undertake any obligation to publicly update or to revise any of
the forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Libero Copper & Gold
Corporation