World News: 10:00 GMT Friday 7th December 2018. [Libero Copper Corporation via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, Dec. 07, 2018 (GLOBE NEWSWIRE) -- announces that the non-brokered private placement (the “”) announced on November 27, 2018 of 6,666,667 common shares (the “”) at a price of $0.075 per Common Share (the “”) for aggregate gross proceeds of $500,000 has closed. Finder’s fees in the total amount of $9,375 were paid. The Common Shares have been issued subject to a 4 month hold period ending April 7, 2019.
The net proceeds of the Offering will be used for drill permitting the Tomichi and Mocoa porphyry copper deposits and general working capital purposes.
Libero Copper is focused on acquiring high-quality copper deposits in the Americas with significant resources but without any fatal flaws or significant holding costs. These assets are being advanced and de-risked by a seasoned team to minimize dilution and maximize shareholder value. The portfolio currently includes the Tomichi deposit in the United States which contains an inferred mineral resource of 711 million tonnes at a grade of 0.33% copper equivalent and the Mocoa deposit in Colombia which contains an inferred resource of 636 million tonnes at a grade of 0.45% copper equivalent. In total the properties contain 7.9 billion pounds of copper and 1.1 billion pounds of molybdenum.
Ian SlaterChief Executive Officer+1 604 638 2545
Globe Newswire: 10:00 GMT Friday 7th December 2018
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