The company closed the sale of its net profit interest (NPI) in the Regent Hill property in Nevada to Ely Gold Royalties, and of the Griffon property in Nevada to Fremont Gold.
Liberty received US$800,000 under the Regent Hill NPI sale and 2 million two-year purchase warrants for Ely Gold shares exercisable at C43c each.
Under the Griffon option agreement, Liberty has received $50,000 and 2.5 million Fremont shares to date with another $50,000 and more stock due on the first anniversary of the execution date, which would bring its ownership in Fremont to 9.9%. It can then receive an additional $225,000 over another three years and a 1% net smelter returns royalty which may be repurchased by Fremont for $1 million.
These sales follow the November 2019 sale of Liberty's 40% interest in the Halilaga copper-gold project in Turkey and the pending sale of the Kinsley Mountain project in Nevada announced in December 2019.
Shares in Liberty Gold are trading at C82c, valuing the company at $201 million.