Las Vegas, NV, Sept. 3, 2013 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTCQB: FLPC), an
innovative and diversified mine exploration and development company
focused on "Mined in America" strategic industrial minerals,
announced that their shareholders voted in favor of the proposed
amendments to the Company's articles at the Special Meeting of
Stockholders held on August 30, 2013.
First Liberty Power Board Chairman Robert
Reynolds, reported that the first amendment, to increase the
Authorized Common Shares to 1,080,000,000, was approved with over
98% voting in favor. The second amendment, to allow for the
creation of up to 10,000,000 shares of "blank check" preferred
shares, was also approved with over 96% in favor.
"Our board of directors is very pleased with the
strong and positive showing of First Liberty shareholders in this
important change to our Company's structure," Reynolds said.
"We had over 41% represented at the meeting, for a total of
194,164,503 shares voted. We are continuing to work on
strengthening First Liberty Power by incorporating sound, open and
transparent practices, all of which seek to enhance investor
confidence. With shareholder approval of these two amendments,
management and the board now possess an increased ability to
advance and expand the Company's entire operations".
According to First Liberty Power CEO, Don
Nicholson, the successful vote bodes well for the Company's future,
which includes the mining of stibnite ore on the Fencemaker
property and obtaining additional funding for production and
milling. "Our mining team has completed revisions to the water
management plan and is waiting for engineering and Nevada
Department of Environment Protection (NDEP) approval, which we
anticipate by early to mid-September." Nicholson, who revisited the
mine the day before the shareholder meeting, commented further, "We
are in advanced stage discussions with buyers for the stibnite ore,
which we will have in place upon the first production of mineral
ores. These arrangements will provide the mining team the
flexibility to ship and sell a lower antimony content concentrate
upon first production, while further efforts are untaken to bring a
mill into operation."
FLPC will continue to use Pathways of
Progress announcements to inform and update all
interested parties of advancements in our mining and financial
operations.
ABOUT FIRST LIBERTY POWER CORPORATION
(OTCQB: FLPC): First Liberty Power Corporation is an
innovative and diversified mine exploration and development company
focused on bringing to market "Mined in America" strategic
industrial minerals. The FLPC corporate philosophy is driven
by a dedication to Pathways of Progress (POP). It is a
program of best corporate practices designed to rapidly drive the
company towards mine production/milling, benefitting FLPC
shareholders, investors and mining partners and 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.
www.firstlibertypower.com
or www.facebook.com/FirstLibertyPower
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.
Actual results could differ from those
projected in any forward-looking statements due to numerous
factors, including the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that they will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our most
recent annual report for our last fiscal year, our quarterly
reports, and other periodic reports filed from time-to-time with
the SEC.
CONTACT: For more information contact:
Robert Reynolds (800)709-1196
ir@firstlibertypower.com
