Liberty Gold completes 9.9% investment by Centerra

Executive Summary

• Liberty Gold Corp. completed a private placement with Centera Gold Inc., selling 9.9 % of its common shares (50,025,230 shares) at C$0.56 per share for gross proceeds of approximately $28.01 million.
• Net proceeds will fund technical studies on the Black Pine oxide gold project in Idaho and general corporate purposes.
• The transaction includes an Investor Rights Agreement granting Centera financing participation, information rights, board representation, and other customary investor protections.

Key Details

• Shares Sold: 50,025,230 common shares (9.9 % of issued & outstanding).
• Price per Share: C$0.56, representing a ~10 % premium to the five‑day VWAP prior to announcement.
• Gross Proceeds: Approximately $28.01 million CAD.
• Use of Proceeds: Advance technical studies at the Black Pine project and for general corporate purposes.
• Investor Rights Agreement (dated Sept. 29, 2025): Grants Centera:
• Financing participation rights.
• Information rights.
• Technical committee representation.
• Right to nominate one director to Liberty Gold’s board.
• Statutory Hold Period: All issued shares subject to a four‑month‑plus‑one‑day hold, expiring Jan. 30, 2026.
• No Finder’s Fees/Commissions were paid in connection with the placement.

Notable Quotes

“The closing of this strategic investment marks an important milestone for Liberty Gold. Centerra's endorsement underscores the strength of Black Pine and validates the progress we have made in derisking and advancing the project…we are well positioned to accelerate Black Pine towards feasibility and ultimately a construction decision.” – Jon Gilligan, President & CEO, Liberty Gold Corp.