Source: Liberty Gold Corp.
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  • Liberty Gold Corp. (LGD) has announced a bought-deal private placement for gross proceeds of $30,000,300
  • The company will issue 27,273,000 common shares at a price of C$1.10 per share
  • The syndicate of underwriters is led by National Bank Financial Inc. and BMO Capital Markets
  • The offering is scheduled to close on or about March 25, 2022
  • The net proceeds will be used to fund the exploration and development of Liberty Gold’s Black Pine and Goldstrike oxide gold development assets
  • Liberty Gold is focused on exploring the Great Basin of the United States
  • Liberty Gold Corp. (LGD) closed trading up 7.14 per cent, at C$1.20 per share

Liberty Gold Corp. (LGD) has announced a bought-deal private placement for gross proceeds of $30,000,300.

The company will issue 27,273,000 common shares at a price of C$1.10 per share.

Liberty Gold has granted the underwriters, led by National Bank Financial Inc. and BMO Capital Markets, an option to purchase up to an additional 15 per cent of the number of shares issued.

The net proceeds will be used to fund the exploration and development of Liberty Gold’s Black Pine and Goldstrike oxide gold development assets in the Great Basin, USA. Liberty Gold plans to aggressively advance Black Pine in 2022 with 85,000 meters of drilling, engineering and permitting programs and further de-risking activities. At Goldstrike, a 25,000-meter drill program, engineering, de-risking, permitting and baseline studies are planned for 2022 to continue advancing the asset towards a pre-feasibility study decision.

The offering is scheduled to close on or about March 25, 2022.

Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. 

This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. 

Liberty Gold Corp. (LGD) closed trading up 7.14 per cent, at C$1.20 per share.

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