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Gold|PROJECT
Gold|PROJECT
gold|project

Liberty raises C$20m in bought-deal financing

15th April 2025

By: Creamer Media Reporter

     

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Toronto-listed Liberty Gold has announced a C$20-million bought-deal offering to advance its Black Pine oxide gold project, in the US.

The company entered into an agreement with Canaccord Genuity as sole bookrunner on behalf of a syndicate of underwriters, under which they have agreed to purchase, on a "bought deal" basis, 60 608 000 units at C$0.33 each for gross proceeds of C$20-million.

Each unit will consist of one common share and one-half of one common share purchase warrant, which entitles the holder to acquire a common share at C$0.45 each in the next 24 months.

Black Pine is a past-producing, openpit, run-of-mine heap leach mine, active from 1991 through 1997 when Pegasus Gold produced about 435 000 oz of gold and 189 000 oz of silver from five openpits.

Edited by Creamer Media Reporter

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