SOURCE: IO Circuit

June 20, 2012 07:30 ET

Liberty Gold, Corp. (OTCBB: LBGO) Closes Financing Agreement

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT.

NEW YORK, NY--(Marketwire - Jun 20, 2012) - Liberty Gold, Corp. (OTCBB: LBGO) has announced they secured a $15 million financing agreement from investor American Gold Holdings, Ltd. to finance the company's exploration activities.

As per the agreement, Liberty Gold shall issue a units of the Company at the unit Price within 15 days following the date of the receipt by the Company. The unit price will be determined as the price equal to the higher of either (a) $0.45, or (b) 90% of the volume weighted average of the closing price of Common Stock, for the 5 days immediately preceding the date of the notice.

The Company has also just announced they have acquired 60% interest in 2,218 acres in Central Alaska's Tolovana Mining District. This Liberty Gold is in good company, south east of their McCord Creek Project is Hecla Mining (NYSE: HL) Kinross Gold (NYSE: KGC) and Sumitomo Metal Mining (PINKSHEETS: STMNF) (TYO: 5713).

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