Liberty Silver arranges $5-million private placement

Oct 26, 2017

2017-10-25 16:08 ET – News Release

Mr. Bruce Reid reports

LIBERTY SILVER ANNOUNCES PRIVATE PLACEMENT OF UP TO C$5 MILLION

Liberty Silver Corp. has appointed a syndicate of agents led by Red Cloud Klondike Strike Inc. and including Haywood Securities Inc., to sell, by way of a private placement, units of the company for gross proceeds of up to $5-million. Each unit is offered at a price of $1.25 and will be composed of one common share of the company and one-half of one transferable common share purchase warran, each warrant entitling the holder thereof to acquire one common share of the company at a price of $2 for a period of 36 months from the date of closing of the offering. The company has granted the agents an option exercisable, in whole or in part, at any time up to 48 hours before the closing of the offering, to place up to an additional $2-million of units.

The net proceeds from the offering shall be primarily used for exploration and development at the Bunker Hill mine and for general corporate and working capital purposes.

The closing of the offering is expected to occur on or about Nov. 10, 2017, and is subject to receipt of all necessary regulatory approvals. The units, including all underlying securities thereof, and any broker warrants issued with respect to the offering, will be subject to a six-month hold period in accordance with applicable securities laws.

About Liberty Silver Corp.

Liberty Silver has an option to acquire 100 per cent of the Bunker Hill mine.

We seek Safe Harbor.