Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has made a fourth investment in Libero Copper & Gold Corporation (TSX-V:LBC, OTCQB:LBCMF).
Anglo Asian has committed to acquire 3.2mln new shares at C$0.15 per share for a total consideration of C$480,000.
The investment maintains Anglo Asian’s holding in Libero at 19.8%.
It forms part of Libero's recently launched C$2.5mln fundraising, which will be used for exploration at the Mocoa and Esperanza copper porphyry projects in Colombia and Argentina respectively.
Libero is listed on the TSX Venture Exchange and owns, or has the right to acquire, several copper exploration properties in North and South America including Mocoa, one of the world's largest undeveloped copper-molybdenum resources.
Anglo Asian now holds 21.3mln common shares in Libero. Anglo Asian also holds a total of 12.1mln warrants exercisable at C$0.22 cents and C$0.75 cents per share.
Libero provides Anglo Asian with exposure to significant copper resources, in addition to the company's fully-owned projects in Azerbaijan.
Anglo Asian is currently at the final stages of developing its medium-term growth strategy, culminating in its transition to becoming a copper-focused, mid-tier mining company.
"We are pleased to make this second investment this year, which in total is our fourth investment in Libero,” said Anglo Asian chief executive Reza Vaziri.
“This second share placing this year demonstrates the attractiveness of investing in Libero and their asset portfolio. Libero have an exciting range of significant copper assets across the Americas and an experienced management team. I look forward to updating our shareholders on Libero's progress in the coming months."