/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
VANCOUVER, BC, Feb. 16,
2024 /CNW/ - Libero
Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF)
("Libero Copper" or the
"Company") announces a non-brokered private placement (the
"Offering") for aggregate gross proceeds of $2.5million. The Offering will consist of
10,000,000 units (the "Units") at a price of $0.25 per Unit. Each Unit will consist of one
common share and one full common share purchase warrant (a
"Warrant") with each Warrant entitling the holder to acquire
an additional common share at an exercise price of $0.50 for a period of 36 months from the date of
issuance.
Completion of the Offering remains subject to the approval of
the TSX Venture Exchange. All securities issued in connection with
the Offering will be subject to a four-month-and-one-day statutory
hold period. The Company anticipates paying finders' fee, payable
in cash, to certain eligible parties who introduce subscribers to
the placement.
The Company intends to use the net proceeds from the Offering
for working capital and general corporate purposes.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER
THE US. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT
BE OFFERED OR SOLD IN THE UNITED
STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
About Libero Copper
Libero Copper is a mineral
exploration company, which is focussed on unlocking the value of
the Mocoa copper-molybdenum porphyry deposit located in Putumayo,
Colombia. Mocoa is being advanced
by a highly disciplined and seasoned professional team with
successful track records of discovery, resource development, and
permitting in Colombia.
Libero Copper prioritizes building
strong relationships with the communities in which we operate and
is dedicated to creating long-term value for our shareholders
through responsible exploration to fuel the green energy
future.
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. Although Libero Copper 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, obtaining the
receipt of final TSX Venture Exchange approval, 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. The forward-looking
information is stated as of the date of this news release and
Libero Copper assumes no obligation
to update or revise such information to reflect new events or
circumstances, except as may be required by applicable law.
SOURCE Libero Copper & Gold
Corporation.