03:00:00 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Liberty Silver Corp
Symbol LSL
Shares Issued 24,889,395
Close 2017-11-20 C$ 1.80
Market Cap C$ 44,800,911
Recent Sedar Documents

Liberty Silver increases financing to $8-million

2017-11-20 17:30 ET - News Release

Mr. Bruce Reid reports

LIBERTY SILVER ANNOUNCES UPSIZE TO C$8 MILLION OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Liberty Silver Corp., due to demand from investors, has increased the size of the previously announced private placement of units of the company from $5-million to $8-million. Under the increased offering, the company will issue up to 6.4 million units at a price of $1.25 per unit. Each unit will comprise one common share of the company and one-half of one transferable common share purchase warrant, each warrant entitling the holder thereof to acquire one common share of the company at a price of $2 for a period of 36 months from the date of closing of the increased offering. The increased offering is being conducted by a syndicate of agents led by Red Cloud Klondike Strike Inc. and including Haywood Securities Inc. The company has also granted the agents an option exercisable, in whole or in part, at any time up to 48 hours before the closing of the increased offering, to place up to an additional $2-million of units. If the agents' option is exercised in full, an aggregate of eight million units will be issued resulting in aggregate gross proceeds of the increased offering of $10-million.

The net proceeds from the increased offering shall be primarily used for lease payments, acquisition payments, exploration and development at the Bunker Hill mine, and for general corporate and working capital purposes.

The closing of the increased offering is expected to occur on or about Nov. 23, 2017, and is subject to receipt of all necessary regulatory approvals. The units, including all underlying securities thereof, and any broker warrants issued with respect to the increased offering will be subject to a six-month hold period in accordance with applicable securities laws.

About Liberty Silver Corp.

Liberty Silver has an option to acquire 100 per cent of the Bunker Hill mine.

We seek Safe Harbor.

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