Anglo Asian Mining have made their third investment in Libero Copper & Gold Corporation as part of a placing to maintain their 19.8% stake in the company.
Anglo Asian Mining subscribed for 2.6 million new Libero Copper & Gold Corporation shares at CAN 15 cents per share for a total of CAN$390,000 (US$289,000).
Anglo Asian Mining have sought additional exposure to copper and Libero’s exploration projects with their investment in the TSX-listed company. Libber’s exposure includes Mocoa, one of the world’s largest undeveloped copper-molybdenum resources.
Anglo Asian Mining is one of the leading gold and copper producers in Azerbaijan. The company said they expect production of between 54,000oz to 58,000oz gold in 2022.
“We are pleased to make a third investment in Libero in little over a year. With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the upmost confidence in Libero to develop these assets in a swift and responsible manner,” said Anglo Asian CEO Reza Vaziri.
“I look forward to updating our shareholders on Libero’s progress in the coming months.”