/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
VANCOUVER, BC, Feb. 23,
2024 /CNW/ - Libero
Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF)
("Libero Copper" or the
"Company") announces that it has amended the terms of its
non-brokered private placement previously announced on February 16, 2024 (the "Offering"). The
Offering by the Company under the amended terms, will consist of
11,000,000 units (the "Units") at a price of $0.26 per Unit, for gross proceeds of
C$2,860,000. 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.
The Company also announces that Aaron
Triplett has replaced Sunil
Sharma as Chief Financial Officer effective February 22, 2024. The Company thanks Mr. Sharma
for his contributions and wishes him every success in his future
endeavors.
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.