Toronto (pcJ News Briefs) – Liberty Silver Corp. has closed previously announced and oversubscribed $1.5 million non-brokered private placement, issuing 1,515,000 common shares at $1.00 per share with gross proceeds of $1,515,000.
Liberty Silver board is considering closing an additional tranche of the private placement in the near-term to accommodate the excess demand.
Proceeds will be used for general working capital purposes.
“We are extremely encouraged by the support we have received from the financial community,” said Howard Crosby, CEO of Liberty Silver. “Liberty is now in a financial position where it can move forward to improve its operations and create value for its shareholders.”
Bruce Reid, a director of the company, subscribed 500,000 shares.
Pursuant to the terms of an earn-in agreement with Renaissance Exploration Inc., Liberty Silver Corp. has the right to earn a joint venture interest in the 10,020-acre Trinity Silver Project located in Pershing County, Nevada.
photo credit: Liberty Silver