Liberty Silver Corp. (OTC Bulletin Board: LBSV) has completed its non-brokered private placement for aggregate gross proceeds of $1.0 million. Under the private placement Liberty Silver issued 1,333,334 units for $0.75 per unit.
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Each unit issued under the private placement contains 1 common share and 1 common share purchase warrant. Each warrant can be exercised for 1 common share at a price of $1.25 per common share for a 24 month period.
The company is planning to use the proceeds from the private placement to help fund their growth strategy and accelerate re-development plans at the Trinity Silver Mine.
Liberty Silver Corp., a publicly held American company traded on the OTCBB as LBSV, is focused on exploring and developing mineral properties located in
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