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Libero Announces Private Placement

VANCOUVER, BC, Sept. 19, 2020 /CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce a non-brokered private placement consisting of up to 12,500,000 common shares ("Share") at a price of C$0.16 per Share ("Offering") for gross aggregate proceeds of up to $2 million.
Libero Announces Private Placement
Shares issued under the Offering qualify as 'flow through shares' ("Flow Through Shares").A  The gross proceeds from the Offering will be used to incur 'Canadian exploration expenses' that will qualify as 'flow through mining expenditures' as those terms are defined in the Income Tax Act which will be renounced to the purchasers of the Flow Through Shares."We have completed the first drill program at Ridge and drilling is in progress at ME18,"A  comments Ian Slater, Chief Executive Officer.A  "This fully subscribed financing will allow us to add additional targets and extend the Big Red drill program through the end of the season."The net proceeds of the Offering will be used for drilling Big Red.A  Eventus Capital Corp. is acting as a finder in connection with the Offering.A  A Finder's Fee of 6% will be payable in Shares on a portion of the Offering.A  Closing of the Offering is expected on September 28, 2020 and is subject to approval of the TSX Venture Exchange.A 
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