Mr. Ian Harris reports
LIBERO COPPER ANNOUNCES $3 MILLION PUBLIC OFFERING OF UNITS
Libero Copper & Gold Corp. has entered into an agreement with Research Capital Corp. as the sole agent and sole bookrunner in connection with a marketed public offering of units of the company for aggregate gross proceeds of up to $3-million at a price of 35 cents per unit.
Each unit will be composed of one common share of the company and of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 50 cents for a period of 24 months following the closing of the offering.
The company has granted the agent an 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 per cent of the total number of units to be issued under the offering, to cover overallotments, 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.
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.
The closing of the offering is expected to occur on or about Dec. 12, 2024, or on such date as agreed upon between the company and the agent, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange to list, on the date of closing, the common shares and the common shares issuable upon exercise of the warrants and compensation warrants thereon.
In connection with the offering, the company intends to file a prospectus supplement to the company's short form base shelf prospectus dated Nov. 29, 2024, with the securities regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the shelf prospectus and the supplement to be filed in connection with the offering can be found on SEDAR+. The shelf prospectus contains, and the supplement will contain, important detailed information about the company and the offering. Prospective investors should read the supplement and accompanying shelf prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.
About Libero Copper & Gold Corp.
Libero is led by a team with rare experience -- having advanced projects from postresource discovery to the path of construction, including some of the few large copper projects built in the past 20 years. This real-world expertise drives Libero's focus on relationships, responsibility, trust and a relentless commitment to sustainable progress.
At the core of Libero's portfolio is the Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia. Mocoa stands as a cornerstone asset with immense potential for expansion.
With Fiore Group's bold company-building vision behind it, Libero is uniquely positioned to fill a crucial gap in the copper industry -- advancing large-scale projects toward construction. Through this approach, Libero 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.
We seek Safe Harbor.
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