Anglo Asian Mining makes third investment in Libero Copper & Gold

The investment, which maintains the company's 19.8% shareholding, forms part of Libero's recently launched private placement with gross proceeds of approximately CAN$2 million (US$1.5 million) to be used for exploration at the Mocoa and Esperanza copper porphyry projects in Colombia and Argentina respectively.

Libero is listed on the TSX Venture Exchange (ticker LBC) and owns, or has the right to acquire, several copper exploration properties in North and South America including Mocoa, one of the world's largest undeveloped copper-molybdenum resources. Anglo Asian now holds 18.1 million common shares in Libero, as well as a total of 8.9 million warrants exercisable at CAN$0.22 and CAN$0.75 per share. Libero provides Anglo Asian with exposure to significant copper resources, in addition to the company's fully-owned projects including the world-class Garadagh resource. Anglo Asian is currently at the final stages of developing its medium-term growth strategy, culminating in its transition to becoming a copper focused, mid-tier mining company.

Anglo Asian CEO Reza Vaziri, commented:

"We are pleased to make a third investment in Libero in little over a year. With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the upmost confidence in Libero to develop these assets in a swift and responsible manner. I look forward to updating our shareholders on Libero's progress in the coming months."

Read the article online at: https://www.globalminingreview.com/mining/10012023/anglo-asian-mining-makes-third-investment-in-libero-copper-gold/