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Liberty Gold has announced its Q1 2024 financial and operating results. Key highlights include a non-brokered private placement for C$12.5 million and the sale of its TV Tower Project in Türkiye for $11.5 million, with $8.3 million attributable to Liberty Gold. The updated resource estimate for Black Pine indicated 3.2 million oz of oxide gold, with metallurgical tests showing 84.2% average gold extraction. Financially, the company reported a Q1 loss of $3.06 million, which is an improvement from the $4.69 million loss in Q1 2023. Cash and short-term investments stand at $7.01 million, down from $9.08 million at the end of 2023.
Liberty Gold Corp. has increased its non-brokered private placement financing to C$12.5 million, up from C$9.5 million, with no change in terms. The Offering includes the issuance of up to 35,715,362 Units at C$0.35 per Unit, each consisting of a Common Share and a Warrant. The proceeds will fund exploration drilling, engineering, development, and general working capital. The CEO emphasized the value of Liberty Gold and its strategic development goals.
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has announced a non-brokered private placement financing of up to C$9.50 million, with each Unit consisting of one Common Share and 1/2 Warrant. The Offering is aimed at advancing the Black Pine Project and exploring seven high-priority target areas. The CEO, Cal Everett, expressed gratitude for the support of investors and the commitment to delivering value.
