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BRIEF-Liberty Gold To Sell The Halilağa Porphyry Copper Gold Deposit In Turkey

Published 2019-07-12, 12:18 p/m
Updated 2019-07-12, 12:20 p/m
BRIEF-Liberty Gold To Sell The Halilağa Porphyry Copper Gold Deposit In Turkey

July 12 (Reuters) - Liberty Gold Corp LGD.TO :

* LIBERTY GOLD ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO SELL THE HALILAĞA PORPHYRY COPPER GOLD DEPOSIT IN TURKEY

* LIBERTY GOLD CORP - SIGNED A SHARE PURCHASE AGREEMENT FOR SALE OF ITS INTEREST IN HALILAĞA COPPER GOLD PORPHYRY DEPOSIT TO CENGIZ HOLDINGS A.Ș.

* LIBERTY GOLD CORP - CO, ITS JV PARTNER, HAVE AGREED TO JOINTLY SELL THEIR 100% INTEREST IN CO THAT HOLDS HALILAĞA PROJECT TO CENGIZ FOR US$55 MILLION CASH

* LIBERTY GOLD CORP - HALILAĞA CASH CONSIDERATION WILL BE APPORTIONED 60% TO TECK AND 40% TO LIBERTY GOLD, PRO-RATA TO THEIR OWNERSHIP INTERESTS

* LIBERTY GOLD CORP - AS A RESULT OF TRANSACTION, LIBERTY GOLD WILL RECEIVE A TOTAL OF US$22 MILLION

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