VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD, OTCQX:LGDTF) ("Liberty Gold" or the "Company") is pleased to announce the closing of the non-brokered, private placement financing raising proceeds of C$12.5 million (the "Offering"). Under the Offering, 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 of Liberty Gold at a price of C$0.45 for a period of 24 months following completion of the Offering. The proceeds of the Offering will be used for exploration drilling on seven new high-priority target areas identified at Black Pine, engineering, development, economic studies and permitting programs for the Company's projects in the Great Basin and for general working capital. All securities issued under the Offering are subject to a four month and one day hold period which will expire on September 18, 2024. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there ...