Published on 5/13/2010 in the Prospect News PIPE Daily.
New Issue: Liberty Silver seals $1 million private placement of common-share units
By Devika Patel
Knoxville, Tenn., May 13 - Liberty Silver Corp. settled a $1 million private placement of units on May 6, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,333,334 units of one common share and one warrant at $0.75 per unit. Each warrant is exercisable at $1.25 per share for two years.
Liberty Silver is a mineral exploration company based in Manhattan Beach, Calif.
Issuer: | Liberty Silver Corp.
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Issue: | Units of one common share and one warrant
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Amount: | $1 million
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Units: | 1,333,334
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Price: | $0.75
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $1.25
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Settlement date: | May 6
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Stock symbol: | OTCBB: LBSV
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Stock price: | $1.00 at close May 6
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Market capitalization: | $105 million
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