/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Jan. 22,
2025 /CNW/ - (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H)
("Libero" or the "Company") is pleased to
announce that it has established an "at-the-market" equity
distribution program (the "ATM Program"). The ATM Program
allows Libero to issue and sell, at its discretion, common shares
in the capital of Libero ("Common Shares") that would have
the aggregate sales amount of up to $5,000,000, to the public from time to time
through Research Capital Corporation (the "Agent"), acting
as agent. All Common Shares sold under the ATM Program will be sold
at the prevailing market price at the time of the sale, directly
through the TSX Venture Exchange or any other recognized
marketplace upon which the Common Shares are listed, quoted or
otherwise traded in Canada. Libero currently intends to use
the net proceeds from the ATM Program to the extent raised, for
exploration of the Mocoa copper-molybdenum project and for general
corporate purposes.
Distribution of Common Shares under the ATM Program will be made
pursuant to the terms of an equity distribution agreement (the
"Equity Distribution Agreement") dated
January 22, 2025 entered into between
Libero and the Agent. Pursuant to the Equity Distribution
Agreement, the Agent will receive a 2.0% commission on the gross
proceeds from each sale of Common Shares under the ATM Program.
The ATM Program will be effective until the earlier of: (i) the
issuance and sale of all of the Common Shares issuable pursuant to
the ATM Program; and (ii) December 29,
2026, unless terminated prior to such date by Libero or the
Agent. As Common Shares sold in the ATM Program will be issued and
sold at the prevailing market price at the time of the sale, prices
may vary among purchasers during the period of distribution.
The offering under the ATM Program is qualified by a prospectus
supplement dated January 22, 2025
(the "Prospectus Supplement") to Libero's final short form
base shelf prospectus filed in all of the provinces and territories
of Canada, dated November 29, 2024 (the "Base Shelf
Prospectus"). Copies of the Equity Distribution Agreement, the
Prospectus Supplement and the Base Shelf Prospectus may be obtained
on request, without charge, from the Corporate Secretary of
Libero Copper & Gold Corporation
at 3123 595 Burrard Street, PO Box 49139 Vancouver, British Columbia, Canada, V7X 1J1
(Telephone (604)-609-6103) and are available on the Company's
profile on SEDAR+ at www.sedarplus.ca.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of securities in the United
States, or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities
described in this news release have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or under any U.S. state
securities laws, and may not be offered, sold, directly or
indirectly, or delivered within the
"United States" or to, or for the account or benefit of,
persons in the "United States" or
"U.S. persons" (as such terms are defined in Regulation S under the
U.S. Securities Act) except in certain transactions exempt from the
registration requirements of the U.S. Securities Act and all
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.
Cautionary Statements regarding Forward-Looking
Information
This news release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
"Forward-looking information" includes, but is not limited to,
statements with respect to the activities, events or developments
that the Company expects or anticipates will or may occur in the
future, including expectations regarding the sale of Common Shares
under the ATM Program, the proceeds from the ATM Program and the
Company's use of the proceeds from the ATM Program.
Generally, but not always, forward-looking information and
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the
negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connation thereof.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the Company will
receive the necessary regulatory approvals for the ATM Program and
that the Company will be able to use the proceeds from the ATM
Program as anticipated.
Although the assumptions made by the Company in providing
forward-looking information or making forward-looking statements
are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's plans or
expectations include, without limitation, the risk that the Company
is not able to use the proceeds from the ATM Program as anticipated
by management and the risk that the Company does not receive the
requisite regulatory approvals for the ATM Program.
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information.
SOURCE Libero Copper & Gold
Corporation
