Liberty Gold Completes Strategic 9.9% Investment by Centerra Gold Inc.
Liberty Gold (OTCQX: LGDTF) has completed a strategic private placement with Centerra Gold, resulting in Centerra acquiring a 9.9% stake in Liberty Gold. The transaction involved 50,025,230 common shares at C$0.56 per share, generating gross proceeds of C$28.01 million.
The investment 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 in Idaho and general corporate purposes. The deal includes an investor rights agreement granting Centerra various rights, including board representation and participation in future financings.
Liberty Gold (OTCQX: LGDTF) ha completato un collocamento privato strategico con Centerra Gold, che acquisisce una participazione del 9,9% in Liberty Gold. La transazione riguarda 50.025.230 azioni ordinarie al prezzo di C$0,56 per azione, generando proventi lordi di C$28,01 milioni.
Il prezzo di investimento rappresenta un premio del 10% rispetto al prezzo medio ponderato per volume (5 giorni) di Liberty Gold sulla TSX. I proventi serviranno a finanziare studi tecnici sul principale progetto di oro ossido Black Pine nello Idaho e per scopi aziendali generali. L'accordo prevede un investor rights agreement che attribuisce a Centerra vari diritti, tra cui la rappresentanza nel consiglio di amministrazione e la partecipazione a future operazioni di finanziamento.
Liberty Gold (OTCQX: LGDTF) ha completado un colocación privada estratégica con Centerra Gold, resultando en que Centerra adquiriera una participación del 9,9% en Liberty Gold. La transacción involucró 50.025.230 acciones ordinarias a C$0,56 por acción, generando ingresos brutos de C$28,01 millones.
El precio de la inversión representa una prima del 10% con respecto al precio medio ponderado por volumen de los últimos 5 días de Liberty Gold en la TSX. Los fondos serán utilizados para financiar estudios técnicos en el principal proyecto de oro oxidado Black Pine en Idaho y para fines corporativos generales. El acuerdo incluye un acuerdo de derechos de inversor que otorga a Centerra diversos derechos, incluida la representación en la junta y la participación en futuras financiaciones.
Liberty Gold (OTCQX: LGDTF)가 Centerra Gold와 전략적 프라이빗 플래스먼트를 완료하여 Centerra가 Liberty Gold의 9.9% 지분을 취득했습니다. 거래는 50,025,230주를 주당 C$0.56에 발행했고, 총 매출은 C$28.01백만입니다.
투자 가격은 TSX의 Liberty Gold 5일 거래량 가중평균가에 대한 10% 프리미엄에 해당합니다. 조달금액은 Idaho주의 Black Pine 광산의 주력 산화금 프로젝트에 대한 기술 연구 및 일반 기업 목적으로 사용됩니다. 거래에는 Centerra에 이사회 구성 및 향후 자금조달 참여 등을 포함하는 투자자 권리 계약이 포함됩니다.
Liberty Gold (OTCQX: LGDTF) a mené un placement privé stratégique avec Centerra Gold, ce qui a pour effet que Centerra acquière une participation de 9,9 % dans Liberty Gold. La transaction porte sur 50 025 230 actions ordinaires à 0,56 C$ par action, générant un produit brut de 28,01 M$ C.
Le prix d’investissement représente une prime de 10 % par rapport au cours moyen pondéré par le volume sur 5 jours de Liberty Gold sur le TSX. Les fonds serviront à financer des études techniques sur le projet phare d’or oxydé Black Pine dans l’Idaho et à des fins générales de l’entreprise. L’accord comprend un accord de droits des investisseurs qui accordent à Centerra divers droits, y compris une représentation au conseil d’administration et la participation à de futurs financements.
Liberty Gold (OTCQX: LGDTF) hat eine strategische private Platzierung mit Centerra Gold abgeschlossen, wodurch Centerra eine 9,9%-Beteiligung an Liberty Gold erwirbt. Die Transaktion betrifft 50.025.230 Stammaktien zu C$0,56 pro Aktie und erzielt Bruttoerlöse von C$28,01 Mio.
Der Investitionspreis entspricht einer 10%-Prämie auf den 5-Tage-Volumen-gewichteten Durchschnittspreis von Liberty Gold an der TSX. Die Mittel dienen der Finanzierung technischer Studien am Flaggschiffprojekt Black Pine im Idaho sowie allgemeinen Unternehmenszwecken. Die Vereinbarung umfasst eine Investor Rights Agreement, das Centerra verschiedene Rechte gewährt, einschließlich eines Sitzes im Vorstand und der Teilnahme an zukünftigen Finanzierungen.
Liberty Gold (OTCQX: LGDTF) أكملت طرحاً خاصاً استراتيجياً مع Centerra Gold، مما أدى إلى امتلاك Centerra حصة 9.9% من Liberty Gold. شملت الصفقة 50,025,230 سهماً عادياً بسعر C$0.56 للسهم، محققة عائدات إجمالية قدرها C$28.01 مليون.
يشكل سعر الاستثمار علاوة قدرها 10% مقارنة بسعر المتوسط الموزون بالحجم خلال 5 أيام لسهم Liberty Gold على TSX. ستستخدم العائدات لتمويل دراسات تقنية في مشروع Black Pine الفولاذي الرئيسي للذهب في إيداهو ولغرضي الشركة العامين. وتتضمن الصفقة اتفاق حقوق للمستثمر يمنح Centerra حقوقاً متعددة، بما في ذلك تمثيل في مجلس الإدارة والمشاركة في عمليات تمويل مستقبلية.
Liberty Gold (OTCQX: LGDTF) 已完成与 Centerra Gold 的战略性私募配售，Centerra 获得 Liberty Gold 9.9% 的股份。交易涉及 50,025,230 股普通股，每股价格为 C$0.56，毛收益为 C$28.01 百万加元。
投资价格相对于 Liberty Gold 在 TSX 的5日成交量加权平均价，存在 10% 的溢价。所得资金将用于资助 Liberty Gold 的旗舰项目 Black Pine 在爱达荷州的技术研究以及一般企业用途。交易包括一份投资者权利协议，给予 Centerra 各种权利，包括董事会代表权及参与未来融资的权利。
- Strategic investment of C$28.01 million strengthens balance sheet
- 10% premium to 5-day VWAP demonstrates confidence in company value
- Partnership with major mining company Centerra validates Black Pine project potential
- Funding secured to advance Black Pine technical studies towards feasibility
- Dilution of existing shareholders by 9.9%
- New significant shareholder gains considerable influence through board seat and other rights
VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce that it has closed its previously announced private placement (the “Placement”) with Centerra Gold Inc. (“Centerra”), whereby Centerra will acquire
Pursuant to the Placement, Centerra acquired 50,025,230 common shares of Liberty Gold at a price of C
The net proceeds from the Placement will be used to advance technical studies at Liberty Gold’s flagship Black Pine oxide gold project in Idaho and for general corporate purposes.
Jon Gilligan, President and CEO of Liberty Gold, commented: “The closing of this strategic investment marks an important milestone for Liberty Gold. Centerra’s endorsement underscores the strength of Black Pine and validates the progress we have made in de-risking and advancing the project. With their operational depth and regional experience, we are well-positioned to accelerate Black Pine towards feasibility and ultimately a construction decision.”
In connection with the Placement, Liberty Gold and Centerra have entered into an investor rights agreement dated September 29, 2025 (the “Investor Rights Agreement”), whereby, subject to conditions including time and ownership thresholds, Centerra has been granted customary rights, including financing participation rights, information rights, technical committee representation rights, and the right to nominate one director to the board of directors of Liberty Gold. A copy of the Investor Rights Agreement will be made available under Liberty Gold’s SEDAR+ profile at www.sedarplus.ca
No finder’s fees or commissions were paid in connection with the Placement. All Common Shares issued pursuant to the Placement are subject to a statutory hold period of four months and one day, expiring on January 30, 2026, 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 anticipated benefits of the partnership with Centerra; and the Company obtaining all necessary stock exchange approvals with respect to the Placement.
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 Liberty Gold will not use the net proceeds of the Placement 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.
FAQ
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