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vancouver british columbia, March 11, 2024 /CNW/ – Libero Copper and gold corporation (TSXV: LBC) (OTCQB: LBCMF) (“Libero Copper” or “company“) further announced in a press release dated that date: February 23, 2024we have completed private placement without intermediaries (“Recruitment“)'s total revenue $2,860,000.
Libero Copper issued 11,000,000 units (“unit“) at the price of $0.26 Each Unit consists of one common stock and one full common stock purchase warrant (“”).warrant“) Each warrant entitles the holder to acquire additional shares of common stock at the exercise price. $0.50 Pursuant to the warrant of March 11, 2027. The shares of common stock issued in the offering and the shares of common stock issuable upon the exercise of warrants issued in the offering will have a four-month holding period. July 12, 2024.
“We are excited to welcome Mr. Frank Giustra As a strategic investor Libero Copper. Mr. Giustra's respected reputation and successful track record as a mining entrepreneur outweigh him. ” Ian HarrisRepresentative Director, President and Chief Executive Officer (CEO) Libero Copper. “His deep understanding of industry trends and the urgent need to meet the growing demand for copper in the future clean energy transition is a testament to our company's immense potential. The porphyry deposits will be invaluable in unlocking the full potential of molybdenum. ”
The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
Certain insiders of the Company participated in the private placement and acquired a total of 1,240,000 units. This purchase constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of minority security holders in special transactions (“MI 61-101This issuance is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 because it is a distribution of securities for cash and the fair market value of the issued units and consideration paid by insiders. As a result of the initial public offering, no new insiders were created and no changes in management occurred.
The Company also hired Fiore Management & Advisory Corp. to provide financial, regulatory and corporate management services.
About Libero Copper
Libero Copper is a mineral exploration company focused on unlocking the value of the Mocoa copper-molybdenum porphyry deposit in Putumayo. Columbia. Mocoa is led by a highly disciplined and experienced professional team with a proven track record of discovery, resource development and permitting in Colombia. Libero Copper prioritizes building strong relationships with the communities in which it operates and is dedicated to creating long-term value for its shareholders through responsible exploration to power a green energy future. Masu.
Neither 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 contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact are deemed to be forward-looking.nevertheless Libero Copper The Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions and that such statements are not guarantees of future performance and may differ from actual results or Developments may differ materially from those contained in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, receipt of final TSX Venture Exchange approval, development and exploration success, and continued availability of capital and financing. , and general economic, market, or business conditions. Regulatory and Administrative Approvals, Processes, and Submission Requirements. There is no guarantee that such statements are accurate. Accordingly, readers are advised to rely on their own assessment of such uncertainties. Forward-looking information speaks as of the date of this news release. Libero Copper We undertake no obligation to update or revise such information to reflect new events or circumstances, except as required by applicable law.
sauce Libero Copper And Gold Co., Ltd.
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