VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. All amounts are presented in United States dollars unless otherwise stated.

SECOND QUARTER OF 2024 AND RECENT HIGHLIGHTS

On April 29, 2024, we announced a non-brokered private placement for C$9.5 million, and on April 30, 2024, announced that the private placement was upsized to C$12.5 million1 (the “Private Placement”). Under the Private Placement the Company sold 35,715,362 units of the Company (the “Units”) at an issue price of C$0.35 per Unit. Each Unit consists of one common share of Liberty Gold (each, a “Common Share”) and 1/2 of a Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of C$0.45 for a period of 24 months following completion of the Private Placement.
On April 17, 2024, we announced the signing of a definitive agreement to sell the TV Tower Project in Türkiye, for $11.5 Million on a 100% Basis. The Company’s 73.7% share of the $11.5 million in gross proceeds ($8.5 million) will be paid in three stages as follows2:

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