Liberty Gold Corp. (TSE:LGD) has released an update.
Liberty Gold Corp. has increased its private placement financing from C$9.5 million to C$12.5 million to fund exploration and development activities, particularly at the Black Pine Oxide Gold Project. The financing terms involve issuing units at C$0.35, each including a share and a half-purchase warrant, with the latter allowing additional share purchases at C$0.45 for two years post-offering. The company emphasizes the capital increase will aid in expanding their resource base and no intermediary fees will be charged for this non-brokered transaction.
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