trending Market Intelligence /marketintelligence/en/news-insights/trending/ZPEpcZsdfTk7oguSd0sSJA2 content esgSubNav
In This List

Liberty Gold raising C$13.2M to develop US gold assets

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Liberty Gold raising C$13.2M to develop US gold assets

Liberty Gold Corp. entered an agreement with a syndicate of underwriters led by Sprott Capital Partners LP to raise C$13.2 million on a bought-deal private placement basis.

The company said Aug. 19 that the offering will comprise 24 million shares at 55 Canadian cents apiece and includes a 20% overallotment option which the underwriters can exercise up to three days prior to closing, which is anticipated around Sept. 10.

Liberty Gold will use the proceeds for exploration and development of its southwestern U.S. gold and precious metal exploration portfolio, primarily focusing on the Black Pine gold project in Idaho. It aims to complete an initial resource estimate and advance the project to an economic study by the end of 2020.

The company also earmarked funds for the Goldstrike project in Utah, the Kinsley gold deposit in Nevada and for general working capital.