Liberty Gold expands non-brokered private placement financing to C$12.5 million (Investing.com)



VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (Liberty Gold or the Company) is pleased to announce the successful expansion of its non-brokered private placement The financing amount of the issuance size increased from CAD 9.5 million to CAD 12.5 million (this issuance).

The terms of the Offering remain unchanged and will consist of the issuance of up to 35,715,362 units of the Company (the “Units”) at an offering price of C$0.35 per Unit. Each unit will consist of one share of Liberty Gold common stock (each share being one common share) and 1/2 of a common share purchase warrant (a warrant). Each Warrant will entitle the holder to purchase one Liberty Gold common share at a price of C$0.45 within 24 months following completion of the offering.

Proceeds from the offering will be used for exploratory drilling in seven high-priority target areas identified at the Black Pine Oxide Gold project in Idaho, engineering, development, economic studies and permitting programs at the company's Great Basin projects and general work capital.

In accordance with Liberty Gold's commitment to efficient capital allocation, the Company confirms that it will not pay middlemen's fees or brokerage fees in connection with this non-brokered offering.

This increase reflects the response of our investors and underscores Liberty Gold's compelling value proposition. Cal Everett, CEO and Director of Liberty Gold. This additional funding will further strengthen our financial position to help us advance the Black Pine business and achieve our strategic growth objectives and goal of increasing resources into the +5 million ounce range.

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The offering is scheduled to close on or about May 17, 2024 and is subject to a number of conditions, including, but not limited to, receipt of all necessary approvals, including approvals from the Toronto Stock Exchange.

The Offering will be conducted on a private placement basis and all securities issued pursuant to the Offering are subject to a holding period that will expire four months and one day from the applicable closing date of the Offering. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States, nor may they be offered to or for purposes of future securities. Accounts or interests of U.S. persons that are registered or that fail to comply with any applicable exemption from the registration requirements of the U.S. securities laws and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Free MoneyLiberty Gold is focused on the exploration and development of open-pit oxide deposits in the U.S. Great Basin, which is home to large-scale gold projects suitable for open-pit mining. Netherlands and Utah. We understand the Great Basin and are committed to discovering and developing large gold deposits that can be profitably mined from the open pit.

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For more information, visit libertygold.ca or contact:

Susie Bell, Investor Relations Manager Phone: 604-632-4677 or toll-free 1-877-632-4677 info@libertygold.ca

All statements in this press release, other than statements of historical fact, are forward-looking information about Liberty Gold within the meaning of applicable securities laws, including statements regarding the size, timing and completion of the offering, the use of proceeds, the timing of the offering, and the preliminary feasibility study. the timing and completion of the formal mining permit, and the potential quantity and/or grade of the Minerals and Liberty Gold Mineral Resources. Forward-looking information often, but not always, identifies, or describes, objectives through the use of words such as seek, anticipate, plan, continue, plan, expect, project, forecast, potential, target, intention, believe, potential and similar expressions or variations of such words and phrases, or statements that certain actions, events or results may, should, could, will, may or will be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance, but is based on management's estimates and assumptions as of the date the statements are made, including assumptions about future gold prices and other metal prices, currency exchange rates and interest rates, favorable operating conditions, Political stability, obtaining government approvals and financing on time, obtaining renewals of existing licenses and permits and obtaining required licenses and permits, workforce stability, stability of market conditions, timing and success of future plans and goals Sustainability, health, safety, environment, community development areas; timing of successful resolution of disputes, expected costs and expenses and regulatory approvals. Many assumptions are based on factors and events beyond Liberty Gold's control, and there can be no assurance that they will prove to be correct.

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Such forward-looking information involves known and unknown risks that may cause actual results to differ materially from any future results expressed or implied by such forward-looking information, including risks associated with the interpretation of the results and/or reliance on third party information provided by third parties. Technical information related to the company's mineral interests; Project parameters will change as plans are refined; Current economic conditions; Future prices of commodities; Potential differences in grade or recovery rates; Cost and time to develop new deposits; Equipment or processes failure to operate as expected; failure by contracting parties to perform their obligations; overall timing and success of exploration activities; delays in permitting; potential claims against the company; risks such as mining labor disputes; delays in obtaining government approvals, completion of exploration and the company’s March 2024 The factors discussed in the section titled “Risk Factors” in the Annual Information Form dated September 28, 2020, located under Liberty Gold's SEDAR+ profile at www.sedarplus.ca.

Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from expectations, estimates or results. . There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

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