Liberty Gold Completes Strategic 9.9% Investment by Centerra Gold Inc.

Core Viewpoint - Liberty Gold Corp. has successfully closed a private placement with Centerra Gold Inc., resulting in Centerra acquiring 9.9% of Liberty Gold's common shares, which signifies a strategic investment and endorsement of Liberty Gold's flagship Black Pine project [1][4]. Group 1: Private Placement Details - Centerra acquired 50,025,230 common shares of Liberty Gold at a price of C$0.56 per share, generating gross proceeds of approximately C$28.01 million [2]. - The issue price represented a 10% premium to the 5-day volume weighted average price of the common shares prior to the announcement [2]. - The net proceeds from the placement will be utilized for advancing technical studies at the Black Pine project and for general corporate purposes [3]. Group 2: Strategic Implications - The investment by Centerra is viewed as a significant milestone for Liberty Gold, validating the progress made in de-risking and advancing the Black Pine project [4]. - An investor rights agreement has been established, granting Centerra customary rights, including financing participation rights and the right to nominate one director to Liberty Gold's board [4]. Group 3: Company Overview - Liberty Gold focuses on developing open pit oxide deposits in the Great Basin, a region known for its prolific gold production [5]. - The Black Pine project is characterized as a past-producing, Carlin-style gold system with strong economic potential for profitable open-pit mining [5].