This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

First Liberty Power Project Funding Announcement

LAS VEGAS, April 17, 2013 /PRNewswire/ -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals, is pleased to announce it has obtained a commitment for $500,000 in funding, which will provide the impetus needed to achieve the short term goal of initial mining operations on the Fencemaker Antimony Property.

This funding will allow the company to commence the additional steps required for safe and appropriate access for long-term mining operations, as well as to achieve initial mine production. CEO Don Nicholson commented, "We are very pleased to be acquiring this non-dilutive funding and we are now planning the definitive implementation timeline for the procedures that will follow the water removal from the mine.  Closing of this transaction and first cash provisioning is expected next week.  We will provide additional details at that time under our Pathways of Progress program, together with ongoing operational updates."

First Liberty Power's partner in this finance is Chicago Venture Partners, who provided a statement in regards to this financing, "We at Chicago Venture Partners, after observing the positive progress made by First Liberty Power in recent months, are very pleased to have the opportunity to help the Company move forward in these next stages towards initial production on the Antimony project.  It is difficult, and quite uncommon, for an exploration stage company to make the transition from development to production, and we are very excited to be a part of the process with First Liberty."

First Liberty Power CFO Mario Beckles reaffirmed that company procedures are in place to optimally allocate funds as required for the Fencemaker operations.  Mr. Beckles expanded on the statement by saying, "since my arrival at First Liberty Power, an objective of the management team has been to review and expand the financial framework and guidelines associated with our financial operations. This has resulted in the company putting robust reporting programs in place, and additional, more stringent internal controls.   We believe that combined with our other operational initiatives, and ongoing efforts in seeking further investments into the company, we will also be able to progress on the development of our equally important Lithium and Vanadium/Uranium projects in the near future."

ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (OTCQB: FLPC) is an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals.  Our corporate philosophy is driven by a dedication to Pathways of Progress, our program of best corporate practices designed to drive us rapidly towards mine production & milling, to the greatest possible benefit of FLPC shareholders, investors and mining partners, while ensuring safety, environmental integrity, and good governance.  Presently, FLPC has interests in four properties: the Fencemaker Antimony project in Nevada, the Lida Valley and Smoky Valley Lithium Brine projects in Nevada, and the San Juan Vanadium / Uranium project in Utah.

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs