Anglo Asian Mining plc – Strategic investment in Libero Copper & Gold Corporation
LONDON, 22 December 2021 / CNW / – Anglo Asian Mining plc (“Anglo Asian“), an AIM-listed producer of gold, copper and silver with a primary focus on Azerbaijan (OBJECTIVE: AAZ) and Libero Copper & Gold Corporation (“Libero“), a copper exploration company headquartered at office 905 – 1111 West Hastings Street, Vancouver BC V6E 2J3 (TSXV: LBC) announces today that Anglo Asian has acquired an approximate 14.18% interest in the issued and outstanding common shares of Libero on a fully diluted basis by subscribing for 5,600,000 units (each , a “Unity“) of Libero at a purchase price of $ 0.50 per Share for gross proceeds of $ 2,800,000 at the Libero. Each unit consists of one common share of Libero (a “Ordinary share“) and half a subscription warrant for ordinary Libero shares with an exercise price of $ 0.75 (a “To guarantee“and all of the above being, the”Subscription“).
Anglo Asian did not hold any securities of the Issuer prior to the Subscription. Following the subscription, he is now the beneficial owner of 5,600,000 common shares and 2,800,000 warrants, which together represent approximately 14.18% of the issued and outstanding common shares of the issuer on a fully diluted.
Anglo Asian has acquired the Units for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership of the ordinary shares or the warrants of Libero, whether in the market. free, through privately negotiated agreements or otherwise, subject to a number of factors including general market conditions and other available investment and business opportunities.
Libero and Anglo Asian have entered into a subscription agreement (the “Subscription contract“) as part of the subscription whereby Anglo Asian will receive certain rights once Anglo Asian has acquired beneficial ownership of at least 9.9% of the issued and outstanding ordinary shares of Libero (on an undiluted basis) These rights include the right to appoint a director to the board of directors of Libero, in accordance with the terms of the subscription agreement. The subscription agreement provides for Anglo Asian to purchase an additional 7,000,000 units.
This press release is being issued to comply with National Instrument 62-103 – Early Warning System and Issues Related to Takeover Bids and Insider Reporting. An alert report concerning these transactions has been filed on the Electronic Document Analysis and Search System (SEDAR) at the address www.sedar.com under Libero’s issuer profile and can be obtained directly from Anglo Asian on request at the telephone number below. Anglo Asian’s head office is located at 3e Floor, Tower 2, Hyatt Regency Business Center, 8 Izmir St, Baku 1065, the Republic of Azerbaijan.
Caution regarding forward-looking statements
This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements“) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as” plans. ” , “Expects”, “believes”, “intends”, “anticipates”, “believes” or variations of these words, or statements that certain actions, events or results “could”, “could “,” Would “,” could “,” would “”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Anglo Asian believes that the assumptions and factors used in the preparation of these forward-looking statements are reasonable based on information currently available to management at the date hereof, actual results and developments may differ materially from those anticipated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which apply only as of the date of this press release, and no guarantee can be given that such events will occur within the time frames disclosed or as of the date of this press release. all. Except as required by applicable law, Anglo Asian disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Anglo Asian Mining plc
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