VANCOUVER, BC, Feb. 18, 2021 /CNW/ - Libero Copper & Gold Corporation (TSXV:
LBC) (OTCQB: LBCMF) (DE: 29H) announces that further to its news
release dated February 3, 2021,
Libero has consolidated its common shares on the basis of one (1)
new post-consolidation common share for every five (5)
pre-consolidation common shares effective as of February 22, 2021 (the "Consolidation").
There will be no name change or trading symbol change in
conjunction with the Consolidation.
Effective at the opening of market on February 22, 2021, the common shares of Libero
will commence trading on a post-Consolidation basis under the
existing ticker symbol "LBC" (CUSIP: 53014U304; ISIN:
CA53014U3047). There are currently 149,943,422 common shares of
Libero outstanding and following completion of the Consolidation
Libero will have 29,988,684 shares outstanding.
No fractional shares will be issued in connection with the
Consolidation. Shareholders who would otherwise be entitled to
receive a fraction of a common share will be rounded down to the
nearest whole number of common shares and no cash consideration
will be paid in respect of fractional shares. Registered holders of
common shares of Libero will receive a letter of transmittal from
Olympia Trust Company with instructions on how to exchange existing
share certificates for new post-Consolidation share
certificates.
About Libero Copper &
Gold
Libero is unlocking the value of a collection of porphyry copper
deposits throughout the Americas in prolific and stable
jurisdictions. The portfolio includes Big Red (a new greenfield
discovery) and Big Bulk in the Golden Triangle, Canada, Esperanza in San Juan, Argentina, and the Mocoa deposit in
Colombia. These assets are being
advanced by a highly disciplined and seasoned professional team
with successful track records of discovery, resource development,
and permitting in the Americas.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking, and
include without limitation, statements regarding the Offering and
use of proceeds, the Consolidation and future business plans..
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general
economic, market or business conditions and regulatory and
administrative approvals, processes and filing requirements. There
can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of
such uncertainties. We do not assume any obligation to update
any forward-looking statements.
SOURCE Libero Copper & Gold
Corporation.