Libero Mining Corporation

Libero Mining Corporation

May 19, 2016 05:30 ET

Libero Mining Appoints Rob Pease to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2016) - Libero Mining Corporation (TSX VENTURE:LBC) is pleased to announce that Rob Pease has been appointed to the Board of Directors. Mr. Pease has been involved with mineral exploration and mine development projects worldwide for the past four decades. Mr. Pease was the founder, CEO and a Director of Terrane Metals, which was acquired in 2010 by Thompson Creek Metals. Previously, he was employed by Placer Dome for 25 years, most recently as General Manager, Canada Exploration and Global Major Projects. He was responsible for managing all aspects of Placer Dome's Canadian exploration and overseeing the geological aspects of world-wide advanced, major exploration, and developments projects. Mr. Pease holds a B.Sc. degree in Earth Science from the University of Waterloo, a Professional Geologist (British Columbia) certification and is a Fellow of the Geologic Association of Canada. He is also a past Chairman of the Association for Mineral Exploration British Columbia.

Mr. Pease has been granted 200,000 incentive stock options exercisable at a price of $0.10 until May 19, 2021. The grant of stock options to directors and senior officers are "related party transactions" under the policies of the TSX Venture Exchange and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Libero is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under Sections 5.7(b) and 5.5(b), respectively, of MI 61-101. There has been no prior formal valuation of the stock options granted as there has not been any necessity to do so. The grant of stock options has been reviewed and unanimously approval by Libero's Board of Directors.

About Libero Mining Corporation

Libero is focused on becoming a highly leveraged call option on copper by acquiring and holding high-quality copper and copper-gold projects in the Americas. Our mineral inventory business model is to acquire and hold copper projects with a resource, but without any fatal flaws or significant holding costs, near the bottom of the cycle. On improvement in the capital markets, these assets will be advanced by a seasoned team to minimize dilution and maximize shareholder value.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state laws.

Contact Information

  • Libero Mining Corporation
    Ian Slater

    Libero Mining Corporation
    Patrick Balit
    +1 778 372-2558