01:58 PM EDT, 03/12/2024 (MT Newswires) -- Libero Copper & Gold Corp. ( LBCMF ) , which gained 14% yesterday, overnight Monday said that it has raised gross proceeds of about $2.9 million by completing a non-brokered private placement.

Libero Copper issued 11 million units at $0.26 apiece, with each unit consisting of one common share, and one full common share purchase warrant with each warrant entitling the holder to buy an additional common share at an exercise price of $0.50 per warrant until March 11, 2027.

The company plans to use the net proceeds for working capital and general corporate purposes.

The company's stock was down nearly 7% on last look on Tuesday.

Price: 0.67, Change: -0.05, Percent Change: -6.94