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Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Invests further into TSX-listed Libero Copper & Gold Corp, buying 2.9 million new shares at 33 Canadian cents each, for a total of C$957,000, or $748,0000. The investment is part of Libero's recent private placement for gross proceeds of C$4.5 million to fund its exploration at the Big Red porphyry copper project in British Columbia, Canada. The investment maintains Anglo Asian's 19.9% holding in Libero, which owns or has the right to acquire several copper exploration properties in North and South America.
‘Libero holds an exciting range of copper assets throughout the Americas, providing us with significant exposure to future copper production. Libero also diversifies our risk profile as our first investment outside of Azerbaijan. We maintain full confidence in Libero and its accomplished management team to drive forward these exciting projects,’ says Chief Executive Officer Reza Vaziri.
Current stock price: 86.50 pence, up 0.6% in London on Monday
12-month change: down 35%
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