Anglo Asian Mining plc - Strategic investment in Libero Copper & Gold Corporation

Anglo Asian Mining plc (" Anglo Asian "), an AIM listed gold, copper and silver producer primarily focused in Azerbaijan (AIM: AAZ) and Libero Copper & Gold Corporation (" Libero "), a copper exploration company headquartered at Suite 905 1111 West Hastings Street, Vancouver BC V6E 2J3 (TSXV: LBC) announce today that Anglo Asian has increased its stake in Libero to approximately 27.07% in the issued and outstanding common shares of Libero on a fully diluted basis by subscribing for 7,000,000 units (each, a " Unit ") of Libero at a purchase price of $0.50 per Unit for gross proceeds of $3,500,000 to Libero. Each unit comprises of one common share of Libero (a " Common Share ") and one half common share purchase warrant of Libero with an exercise price of $0.75 (a " Warrant " and all of the foregoing being, the " Subscription ").

Anglo Asian owned 5,600,000 common shares of the Issuer and 2,800,000 common share purchase warrants of the Issuer prior to the Subscription. Following the Subscription, it is now the beneficial owner of 12,600,000 Common Shares and 6,300,000 Warrants, which together represent approximately 27.07% of the issued and outstanding common shares of the Issuer on a fully diluted basis.

Anglo Asian acquired the Units for investment purposes and it may, depending on market and other conditions, increase or decrease its beneficial ownership of Libero's common shares or warrants, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

Libero and Anglo Asian entered into a subscription agreement (the " Subscription Agreement ") in connection with the Subscription whereby Anglo Asian will receive certain rights once Anglo Asian acquires beneficial ownership of at least 9.9% of the issued and outstanding common shares of Libero (on a non-diluted basis). Such rights include the right to nominate one director to the board of directors of Libero, in accordance with the terms of the Subscription Agreement.

This news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding these transactions has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under Libero's issuer profile and may be obtained directly from Anglo Asian upon request at the telephone number below. Anglo Asian's head office is located at 3 ^rd Floor, Tower 2, Hyatt Regency Business Centre, 8 Izmir St, Baku 1065, the Republic of Azerbaijan .

Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, " forward-looking statements ") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Anglo Asian believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Anglo Asian disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Anglo Asian Mining plc

View original content: https://www.newswire.ca/en/releases/archive/January2022/26/c4757.html

News Provided by Canada Newswire via QuoteMedia

Libero Copper & Gold TSXV:LBC Copper Investing

LBC:CA

LIBERO Copper CLOSES $8,300,000 FINANCING AND APPOINTS MICHAEL SUNUNU DIRECTOR

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (" Libero Copper ") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement (the " Offering ") by issuing 7,000,000 units (" Units ") at a price of $0.50 per Unit for gross proceeds of $3,500,000 . Together with the first tranche of the Offering (see news release dated December 2, 2021 ), and second tranche of the offering (see news release dated December 22, 2021 ) Libero Copper has received total gross proceeds of $8,300,000 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

LIBERO COPPER SIGNS EXPLORATION DRILLING CONTRACT FOR THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT IN COLOMBIA

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce signing of an exploration drilling contract with Kluane Colombia, S.A.S., a subsidiary of Kluane Drilling Ltd. (Kluane), for a minimum of 5,000 metres of drilling at the Mocoa Porphyry Copper-Molybdenum Deposit in Colombia. A KD-1000 drill (a proprietary build of Kluane) is currently being mobilized. The KD-1000 is modular and highly portable and can reach depths over 1,200 metres.

"We are very excited about partnering with Kluane to begin exploration drilling at Mocoa. Kluane have a proven track record of professional operation in Colombia , operating their own modular and portable drills. These drills will dramatically reduce the footprint of our exploration activities. However, more importantly in the selection process was that Kluane is highly aligned with Libero Copper's high environmental and social standards, including maximizing opportunities for employment, and contracting locally," comments Ian Harris , President & CEO. "Mobilization of materials and supplies to site has already begun with the drill expected to be in Mocoa by end of the month. This first 5,000 metre phase of drilling will focus on the expansion of the existing resource. We consider local engagement to be a core component to the development of Mocoa, and therefore we will be investing strongly in the hiring and training of locals to support an expanding drill campaign."

Q4 Webinar

On Thursday, January 27 , Libero Copper will hold its quarterly webinar at 2:00 pm Eastern Time . President & CEO, Ian Harris will recap Q4 2021 deliverables and outline 2022 exploration plans. The update will be followed by a Q&A session. To register, follow https://www.redcloudfs.com/rcwebinar-lbc-2/

About the Mocoa Porphyry Copper-Molybdenum Deposit

The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa. It was discovered in 1973 when the United Nations (UN) and the Colombian government conducted a regional stream geochemical survey. Between 1978 and 1983, an exploration program was carried out that consisted of geological mapping, surface sampling, ground geophysics (IP, magnetics), 31 diamond drill holes totaling 18,321 metres, and metallurgical test work cumulating in a positive pre-feasibility study. B2Gold subsequently executed diamond drill programs in 2008 and 2012.

A pit constrained inferred resource at Mocoa contains 636 million tonnes of 0.45% CuEq* at 0.25% cut-off containing 4.6 billion pounds of copper and 511 million pounds of molybdenum. Mocoa is open in both directions along strike and at depth. Additional porphyry surface targets have been identified and are drill ready.

The Mocoa deposit is situated in the Eastern Cordillera of Colombia , a 30-kilometre-wide tectonic belt underlain by volcano-sedimentary, sedimentary and intrusive rocks that range in age from Triassic-Jurassic to Quaternary, and by remnants of Paleozoic metasediments and metamorphic rocks of Precambrian age. This belt hosts several other porphyry-copper deposits, such as Mirador (438 million tonnes measured and indicated at 0.61% Cu and 235 million tonnes inferred at 0.52% Cu) ¹ , San Carlos (600 million tonnes inferred at 0.59% Cu) ² , Panantza (463 million tonnes inferred at 0.66% Cu) ² , and Solaris' Waritza, located in Ecuador .

Copper-molybdenum mineralization is associated with a dacite porphyry intrusion of the Middle Jurassic age that are emplaced into andesitic and dacitic volcanics. The Mocoa porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper central core of potassic alteration overlain by sericitization and surrounded by propylitization. Mineralization consists of disseminated chalcopyrite, molybdenite, and local bornite associated with multiphase veins, stockwork, and hydrothermal breccias. The Mocoa deposit is roughly cylindrical, with a 600 metre diameter, high-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres.

^* No adjustments were made for recovery as the project is an early-stage project and metallurgical data to allow for estimation of recoveries is not yet available. Libero Copper defines copper equivalent (CuEq) calculation for reporting purposes only. In-pit resource contained within shell generated using US$3/lb Cu and US$10/lb Mo. CuEq%=Cu%+Mo% × 3.33.
¹ Technical Report: "Mirador Copper-Gold Project 30,000 TPD Feasibility Study" dated effective April 3, 2008
² Technical Report: "Preliminary Assessment Report Panantza & San Carlos Copper Project" dated effective October 30, 2007

About Libero Copper & Gold

Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolific and stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big Bulk in the Golden Triangle, Canada ; Esperanza in San Juan, Argentina ; and Mocoa in Putumayo, Colombia . These assets are advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.

Thomas Mumford , Ph.D., P.Geo, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of Libero Copper .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE Libero Copper & Gold Corporation.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/25/c8217.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

LIBERO COPPER INTERCEPTS 97 METRES OF 0.34% COPPER EQUIVALENT AT BIG BULK

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to report assay results for the five hole, 1,743 metre drill program at the Big Bulk porphyry copper project in British Columbia's Golden Triangle. Results suggest the presence of a large mineralizing system, with new drill results confirming a greater than two kilometre strike length.

Big Bulk Highlights

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

LIBERO COPPER UPSIZES FINANCING TO $8.3 MILLION AND ANNOUNCES CLOSING OF SECOND TRANCHE

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Libero Copper & Gold Corporation (TSXV:LBC) (OTCQB:LBCMF) (DE:29H) (" Libero Copper ") is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the " Offering ") by issuing 5,600,000 units (" Units ") at a price of $0.50 per Unit for gross proceeds of $2,800,000 . Together with the first tranche of the Offering (see news release dated December 2, 2021 ), Libero Copper has received total gross proceeds to date of $4,800,000 . The final tranche of $3,500,000 will close upon receipt of TSX Venture Exchange approval.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tranche

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (" Libero Copper ") is pleased to announce that due to strong investor demand, it has increased the non-brokered private placement announced on November 8, 2021 (the " Offering ") for the sale of up to 14,000,000 units (the " Units ") at a price of $0.50 per Unit for gross proceeds of up to $7,000,000 . Each Unit will be comprised of one common share (each, a " Unit Share ") and one half of one common share purchase warrant (each whole warrant, a " Warrant ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Lundin Mining Completes the Transaction to Increase Ownership in Caserones to 70%

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the closing of the option to acquire an additional 19% interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile ("Lumina Copper"), which owns the Caserones copper-molybdenum mine ("Caserones'") located in Chile from JX Advanced Metals Corporation 1 ("JX"), as previously announced on June 26, 2024 (the "Call Option Exercise").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Forum Announces Closing of Private Placement, Stock Option Grant and Liquidity Services Agreement

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news releases of June 3 and June 24, 2024, it has closed its non-brokered private placement and has issued 7,084,020 units (the "Units") at a price of $0.135 per Unit for gross proceeds of $956,343 (the "Offering"). Each Unit consists of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share (each a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 24 months expiring June 26, 2026.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Drill Hole		From (m)	To (m)	Interval* (m)	Cu (%)	Ag (g/t)	Au (g/t)	CuEq** (%)
BB-21-01		139.00	182.44	37.44	0.30	0.59	0.15	0.42
	including	140.00	159.00	13.00	0.39	0.79	0.20	0.55
	and	171.50	181.00	9.50	0.43	0.79	0.20	0.59
BB-21-02		11.50	29.50	16.00	0.12	0.62	0.06	0.17
BB-21-03		203.00	230.00	27.00	0.10	0.49	0.09	0.17
BB-21-04		118.00	141.00	23.00	0.13	0.48	0.25	0.33
BB-21-05		171.50	273.50	97.00	0.19	0.97	0.18	0.34
	including	171.50	194.00	22.50	0.25	1.67	0.25	0.46
	and	228.50	273.50	40.00	0.22	0.99	0.2	0.38
	including	256.00	273.50	17.50	0.28	1.29	0.23	0.47

Drill Hole		From (m)	To (m)	Interval* (m)	Cu (%)	Ag (g/t)	Au (g/t)	CuEq** (%)
BB03-01		8.84	21.03	12.19	0.68	n/a	0.41	1.00
BB03-02		11.89	33.22	21.33	0.86	n/a	0.64	1.35
BB03-02	and	142.95	195.99	53.04	0.31	n/a	0.20	0.46
BB03-03		5.79	33.22	27.43	0.64	n/a	0.42	0.96
BB03-05		2.74	14.94	12.20	0.14	n/a	0.26	0.34
BB03-06		88.09	100.28	12.19	0.16	n/a	0.26	0.36
BB03-07		11.89	21.03	9.14	0.45	n/a	0.18	0.59
BB03-07	and	85.04	91.14	6.10	0.47	n/a	0.22	0.64
BB-08-05		3.05	93.01	89.96	0.15	0.29	0.07	0.21
BB-08-06		34.76	149.15	114.39	0.21	0.49	0.10	0.29
BB-08-07		132.80	304.80	172.00	0.10	1.57	0.11	0.20
BB-08-10		9.11	111.50	102.39	0.13	0.60	0.09	0.21
BB-08-11		16.46	168.83	152.37	0.17	0.76	0.06	0.22
BB-08-12		3.05	41.16	38.11	0.18	0.72	0.02	0.20
BB-08-16		194.42	252.34	57.92	0.18	0.43	0.07	0.24
AGA-09-01		67.00	121.00	54.00	0.31	n/a	0.05	0.35
AGA-09-01	and	427.00	437.00	10.00	0.14	n/a	4.00	3.22
AGA-09-02		181.00	659.00	478.00	0.14	n/a	0.04	0.17
AGA-09-02	including	617.00	659.00	42.00	0.27	n/a	0.05	0.31

Anglo Asian Mining plc - Strategic investment in Libero Copper & Gold Corporation

1. Encounter Resources (ASX:ENR)

2. Aeris Resources (ASX:AIS)

3. Cyprium Metals (ASX:CYM)

4. Bougainville Copper (ASX:BOC)

5. AIC Mines (ASX:A1M)

Latest News

Latest Press Releases

Related News

TOP STOCKS