Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the
“Company”) is pleased to announce the receipt of 17,222,222 common
shares in New Placer Dome Gold Corp. (TSX-V:NGLD) (“New Placer
Dome”) (“NPD Shares”) pursuant to to an option agreement dated
December 2, 2019, as amended, between the Company and New Placer
Dome (the “Option Agreement”), as partial consideration for the
sale of Liberty Gold’s 79.9% interest in the Kinsley Mountain gold
project in Nevada (“Kinsley”). The receipt of US$1.25 million in
cash, due pursuant to the Option Agreement, is expected to be
received prior to November 19, 2021.
The Option Agreement is consistent with Liberty
Gold’s strategy of re-deploying capital into advancing both the
Black Pine and Goldstrike oxide gold development projects.
As of November 12, 2021, Liberty Gold now holds
26,066,346 NPD Shares (C$2.7 million in value), representing
approximately 15.8% of the issued and outstanding shares on an
undiluted basis. Both Liberty Gold and Cal Everett, the Company’s
President and CEO will declare as insiders of New Placer Dome.
Under the terms of the Option Agreement, New
Placer Dome will be required to make an additional payment of
US$1.25 million in cash and US$1.25 million in NPD Shares on or
before June 2, 2022.
Further Transaction Details
On June 2, 2020, pursuant to the Option
Agreement, New Placer Dome paid the initial option payments of
US$1.25 million, US$124,570 in repayment of the surety bond deposit
and 8,844,124 NPD Shares, representing 9.9% of New Placer Dome’s
issued and outstanding common shares as at that date. Liberty
Gold’s 79.9% interest in Kinsley is held through it’s 100% owned
subsidiary Pilot Gold (USA) Inc.
Liberty Gold retains a 1% Net Smelter Royalty on
Kinsley where New Placer Dome, at its sole discretion, has the
right to re-purchase up to one-half percent (0.5%) of the NSR
royalty upon payment of US$500,000.
Liberty Gold acquired the NPD Shares for
investment purposes and will evaluate its investment in New Placer
Dome from time to time and may, based on such evaluation of market
conditions and other circumstances, increase or decrease its
shareholdings in New Placer Dome as circumstances require.
This news release is being issued in accordance
with National Instrument 62-103 The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues. To obtain a
copy of the early warning report, please contact Susie Bell,
Manager, Investor Relations, at 1-877-632-4677, or by email:
info@libertygold.ca or refer to SEDAR under New Placer Dome’s
profile.
Liberty Gold Corp. Suite 1900, 1055 West
Hastings StreetVancouver, British ColumbiaV6E 2E9
ABOUT LIBERTY GOLDLiberty Gold
is focused on exploring the Great Basin of the United States, home
to large-scale oxide gold projects amenable to 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. Our flagship deposits are Black Pine in Idaho and
Goldstrike in Utah, both past-producing open-pit mines.
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, including statements that address potential
quantity and/or grade of minerals. 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 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, obtaining governmental
approvals and financing on time, obtaining renewals for existing
licenses and permits and obtaining required licenses and permits,
labour stability, stability in market conditions, the receipt of
staged payments pursuant to the Option Agreement, the impact from
the pandemic of the novel coronavirus (COVID-19), availability of
equipment, the availability of drill rigs, 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 related to
the interpretation of results and/or the reliance on technical
information provided by third parties as related to the Company’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; delays in permitting; possible
claims against the Company; labour disputes and other risks of the
mining industry, including impacts from the pandemic of the novel
coronavirus (COVID-19); the receipt of staged payments pursuant to
the Halilağa Sale Agreement, delays in obtaining governmental
approvals, financing or in the completion of exploration as well as
those factors discussed in the Annual Information Form of the
Company dated March 26, 2021 in the section entitled "Risk
Factors", under Liberty Gold’s SEDAR profile
at www.sedar.com.
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 unless required by law.
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024