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Libero Copper Corporation

12:12 PM EST - Libero Copper Corporation : Has entered into an option agreement to acquire 100% of the Big Red porphyry copper-gold property in the Golden Triangle in British Columbia, Canada. Libero Copper may acquire 100% of Big Red in return for the issuance of 2,000,000 common shares of Libero Copper and cash payments of $440,000 over four years. The vendors have retained a 1% net smelter return royalty, 0.5% of which may be repurchased by Libero Copper at any time for $10 million. Closing of the Option remains subject to approval of the TSX Venture Exchange. Libero Copper Corporation shares V.LBC are trading unchanged at $0.07.