Libero Copper & Gold Corporation announced a non-brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,000,000 on July 17, 2023. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.075 for a period of 36 months following the closing date of the offering.

The transaction is expected to close on or about July 28, 2023. It is anticipated that the directors of company's will subscribe for units in the offering. The transaction is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

As a part of transaction, the company will pay a finder's fees of up to 6% cash and broker warrants will be payable on certain portions of the Offering in accordance with the policies of the TSX Venture Exchange. The unit shares, warrant shares and any common shares that are issuable from any finder's warrants will be subject to a hold period of four months and one day in accordance with applicable securities laws.