Liberty Gold Announces Strategic 9.9% Investment by Centerra Gold Inc.
Liberty Gold (OTCQX: LGDTF) has secured a strategic investment from Centerra Gold, which will acquire a 9.9% stake in Liberty Gold through a private placement of 50,025,230 common shares at C$0.56 per share, raising C$28.01 million.
The subscription price represents a 10% premium to Liberty Gold's 5-day volume weighted average price on the TSX. The proceeds will fund technical studies at Liberty's flagship Black Pine oxide gold project and general corporate purposes. The deal, expected to close around October 1, 2025, includes investor rights for Centerra, such as board representation and technical committee participation.
Liberty Gold (OTCQX: LGDTF) ha ottenuto un investimento strategico da Centerra Gold, che acquisirà una partecipazione del 9,9% in Liberty Gold tramite un collocamento privato di 50.025.230 azioni ordinarie a C$0,56 per azione, raccogliendo C$28,01 milioni.
Il prezzo di sottoscrizione corrisponde a un premio del 10% rispetto al prezzo medio ponderato per il volume su 5 giorni di Liberty Gold sulla TSX. I proventi finanzieranno studi tecnici sul progetto aurifero ossidato di punta Black Pine di Liberty e serviranno a scopi societari generali. L’operazione, la cui chiusura è prevista intorno al 1 ottobre 2025, include diritti per gli investitori di Centerra, come rappresentanza nel consiglio e partecipazione al comitato tecnico.
Liberty Gold (OTCQX: LGDTF) ha asegurado una inversión estratégica de Centerra Gold, que adquirirá una participación del 9,9% en Liberty Gold mediante una colocación privada de 50.025.230 acciones ordinarias a C$0,56 por acción, recaudando C$28,01 millones.
El precio de suscripción representa un 10% de prima sobre el precio medio ponderado por volumen a 5 días de Liberty Gold en la TSX. Los fondos financiarán estudios técnicos en el proyecto aurífero oxidado insignia Black Pine de Liberty y se destinarán a fines corporativos generales. El acuerdo, que se espera cierre alrededor del 1 de octubre de 2025, incluye derechos para Centerra como representación en el consejo y participación en el comité técnico.
Liberty Gold (OTCQX: LGDTF)는 Centerra Gold로부터 전략적 투자를 확보했으며, Centerra는 프라이빗 배치를 통해 Liberty Gold의 9.9% 지분을 50,025,230 주의 보통주를 주당 C$0.56에 매입해 C$28.01백만을 조달합니다.
청약 가격은 TSX에서 Liberty Gold의 5일 거래량 가중 평균가격보다 10% 프리미엄에 해당합니다. 조달금은 Liberty의 주력 산화금 프로젝트인 Black Pine에 대한 기술 연구와 일반적인 기업 목적 자금으로 사용됩니다. 거래는 2025년 10월 1일경 마감될 예정이며, 이 계약에는 이사회 참여와 기술위원회 참여 등 Centerra의 투자자 권리가 포함됩니다.
Liberty Gold (OTCQX: LGDTF) a obtenu un investissement stratégique de la part de Centerra Gold, qui acquerra une participation de 9,9% dans Liberty Gold via un placement privé de 50 025 230 actions ordinaires à C$0,56 par action, levant ainsi C$28,01 millions.
Le prix de souscription représente une prime de 10% par rapport au prix moyen pondéré par le volume sur 5 jours de Liberty Gold sur la TSX. Les produits financeront des études techniques sur le projet aurifère oxydé phare Black Pine de Liberty et serviront à des fins générales d’entreprise. La transaction, dont la clôture est prévue aux alentours du 1er octobre 2025, inclut des droits pour Centerra, tels que la représentation au conseil d’administration et la participation au comité technique.
Liberty Gold (OTCQX: LGDTF) hat eine strategische Investition von Centerra Gold erhalten, das über eine Privatplatzierung 50.025.230 Stammaktien zu C$0,56 je Aktie erwerben wird und damit eine Beteiligung von 9,9% an Liberty Gold erwirbt. Damit werden C$28,01 Millionen aufgebracht.
Der Bezugspreis entspricht einem Aufschlag von 10% gegenüber dem 5-Tage volumengewichteten Durchschnittspreis von Liberty Gold an der TSX. Die Erlöse werden technische Studien am Flaggschiffprojekt Black Pine (oxidisches Gold) von Liberty sowie allgemeinen Unternehmenszwecken zugutekommen. Der Abschluss der Transaktion wird voraussichtlich um den 1. Oktober 2025 erfolgen und gewährt Centerra Anlegerrechte wie Sitz im Vorstand und Teilnahme am Technikausschuss.
- None.
- 9.9% ownership dilutes existing shareholders
- New strategic investor gains significant influence over company decisions
- Four-month statutory hold period limits share liquidity
VANCOUVER, British Columbia, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce that it has entered into a subscription agreement (the “Subscription”) with Centerra Gold Inc. (“Centerra”), whereby Centerra will acquire
Jon Gilligan, CEO of Liberty Gold, commented: “We are thrilled to welcome Centerra as a strategic investor in Liberty Gold. Their investment is a strong endorsement of our progress and the compelling potential of our flagship US oxide gold project, Black Pine. With Centerra’s technical depth, operational experience and existing presence in Idaho, we see a clear path to unlocking value and de-risking Black Pine’s development timeline. We look forward to collaborating closely as we accelerate Black Pine towards feasibility and on to a construction decision.”
Paul Tomory, CEO of Centerra added: “We are pleased to support the Liberty Gold team with this strategic investment. Liberty Gold’s 2024 pre-feasibility study on Black Pine, combined with the recent drill results from the legacy heap and Rangefront, demonstrate the potential of the asset and highlight areas where future resource growth may be possible. As the project moves through development, we believe our regional and operational expertise can complement Liberty Gold’s efforts and create meaningful synergies to bring Black Pine into production.”
Under the Subscription, Centerra has agreed to purchase, by way of private placement, 50,025,230 Common Shares at a price of C
Proceeds from the strategic investment will be used to advance technical studies at Black Pine and for general corporate purposes. The Subscription is expected to close on or about October 1, 2025, subject to customary conditions including TSX approval.
In connection with the Subscription, Liberty Gold and Centerra intend to enter into a customary investor rights agreement at closing, pursuant to which, among other things and provided that Centerra maintains certain shareholding thresholds, Centerra will have financing participation rights, information rights, technical committee representation rights and the right to appoint one nominee to the Company’s board of directors, among other customary terms.
All Common Shares issued pursuant to the Subscription will be subject to a statutory hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities legislation.
On behalf of the Board of Directors
Liberty Gold Corp.
“Jon Gilligan”
Jon Gilligan Ph.D.,
President, CEO, and Director
ABOUT LIBERTY GOLD
Liberty Gold is focused on developing open pit oxide deposits in 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. The Company is advancing the Black Pine project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource with strong economic potential that can be mined profitably as an open-pit/heap leach operation in an environmentally responsible manner.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@libertygold.ca
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Liberty Gold within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as, "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include, but are not limited to, statements regarding: the Company’s objectives, goals or future plans; the achievement of future short-term, medium-term and long-term operational strategies; the terms of and anticipated benefits of the Subscription, including the Company’s ability to enter into definitive documentation with respect to the Subscription or complete the Subscription on the terms described herein by the closing date or at all; the anticipated benefits of the partnership with Centerra; and the Company obtaining all necessary stock exchange approvals with respect to Subscription.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, timely receipt of governmental or regulatory approvals, including any stock exchange approvals, receipt of financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, the timing and success of future plans and objectives in the areas of sustainable development, health, safety, environment and community development, availability of equipment, results of any mineral resources, mineral reserves, or pre-feasibility study, the availability of drill rigs, the timing of receipt of future staged payments from previous dispositions by Liberty Gold, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.
Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including risks that the Subscription will not close on the anticipated timeline and terms, risks that Liberty Gold will not use the net proceeds of the Subscription as anticipated, risks related to obtaining all necessary TSX approvals, and risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to Liberty Gold’s mineral property interests, changes in project parameters as plans continue to be refined; current economic conditions, future prices of commodities; possible variations in grade or recovery rates, the costs and timing of the development of new deposits, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform; the timing and success of exploration activities generally, the timing or results of the publication of any mineral resources, mineral reserves or pre-feasibility studies, delays in permitting, possible claims against Liberty Gold, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing, timing of receipt of staged payments from previous dispositions by Liberty Gold, or in the completion of exploration as well as those factors discussed in the Annual Information Form of Liberty Gold dated March 25, 2025, in the section entitled "Risk Factors", under Liberty Gold’s SEDAR+ profile at www.sedarplus.ca.
Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable laws.
Except for statements of historical fact, information contained herein or incorporated by reference herein constitutes forward-looking statements and forward-looking information. Readers should not place undue reliance on forward-looking information. All forward-looking statements and forward-looking information attributable to us is expressly qualified by these cautionary statements.
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