January 22, 2024
Libero Copper & Gold Corp. (TSXV: LBC, BUY (S), Taylor Combaluzier) announced plans for a 10:1 share consolidation, which would reduce its share count to 17.48M post-consolidation. The company also disclosed that gross proceeds of C$280k had been raised in Q4/23 through the issuance of 13.41M shares (for an average price of C$0.02/sh) as a part of an at-the-market offering. Separately, Libero also closed its previously announced rights offering in Dec/23 for gross proceeds of C$525k by issuing 26.3M shares at a price of C$0.02/sh, with the proceeds intended for repaying debt and general corporate expenditures (read notable). Additionally, Mr. Bill Bennet has resigned from the company’s Board of Directors. We believe these corporate updates signal that Libero is continuing to adapt its strategy to focus on the advancement of its flagship Mocoa project. Read more
Company Specific Disclosure Details
Libero Copper & Gold Corp. – TSXV:LBC – 3
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