Saturday, October 18, 2025

Latest

Libero Copper To Conduct 10-to-1 Reverse Split

Investors are unhappy with Libero Copper & Gold (TSXV: LBC) this morning, following the revelation that the company will be conducting a share consolidation, despite having an outstanding at-the-market financing.

The share consolidation will see the company reduce its shares outstanding at a rate of one post consolidation share for every ten pre-consolidation shares. The move will result in the company reducing its outstanding common shares from 174.7 million to just 17.4 million. The move is being made in an affort to “make the company’s securities more attractive to investors.”

A date for the consolidation to take effect was not provided, with Libero instead opting to state that it intends to close on the consolidation “as soon as practicable,” following approval from the Venture.

The reverse split follows the company issuing 13.4 million shares under an at-the-market offering that raised the company gross proceeds of $280,482.

READ: Libero Copper Walks From Copper-Gold Porphyry Project In Argentina Over Cost Complaints

Libero also highlighted this morning that Bill Bennett has resigned from the board of directors, whom they state was “critical” to their projects in British Columbia for his knowledge on government and indigenous relations.

Libero Copper last traded at $0.04 on the TSX Venture.


Information for this briefing was found via Edgar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Libero Copper Gears Up For Field Season At Big Red Focusing On Identified Potassium-Rich Target

Libero Copper & Gold (TSXV: LBC) announced on Tuesday that its recently concluded surveys have...

Wednesday, June 1, 2022, 04:34:00 PM

Libero Copper Intersects 1,229 Metres Of 0.42% Copper At Mocoa

Libero Copper & Gold (TSXV: LBC) has finally received the remainder of its assay results...

Tuesday, April 26, 2022, 07:59:36 AM

Libero Copper Intersects 0.75% Copper Over 251 Metres In Partial Assay Results

Early results from Libero Copper & Gold’s (TSXV: LBC) ongoing drill program at the Mocoa...

Tuesday, April 19, 2022, 07:51:45 AM

Huge Copper Play Backed By Frank Giustra | Libero Copper with Ian Harris

In this interview at the Precious Metals Summit 2024, Ian Harris, CEO of Libero Copper...

Wednesday, September 18, 2024, 02:03:00 PM

Libero Copper Intersects Mineralization In Just One Drill Hole During 2022 Program

A summer program conducted by Libero Copper & Gold (TSXV: LBC) has seemingly struck out...

Monday, January 16, 2023, 09:05:14 AM