Reno, NV, May 27, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCQB), a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's future, will host a conference call open to all interested parties as part of an investor relations initiative featuring a broad-based shareholder outreach program.
In making the announcement, First Liberty Power CEO Don Nicholson outlined the program details. "I have a genuine concern that the company's past actions and plans going forward have not been effectively communicated to our shareholders and supporters," Nicholson said. "As a result, I have directed the FLPC Management Team to undertake a series of actions to effectively address the situation."
The initiative will commence with the distribution of an open letter from CEO Nicholson to all shareholders and investors, detailing the Company's evolution over the last year. The letter will be posted on the Company website (http://www.firstlibertypower.com/investors/may-21-2014-ceo-letter-shareholdersinvestors/). That will be followed by a June 4th website posting of a comprehensive operations report from newly appointed COO, Jimmy Trikeriotis. The report will provide a clear and detailed plan for establishing a company-owned mill and enhanced mining operations at Fencemaker in 2014. The next step in the program will be the filing of the FLPC third quarter 10Q report in the third week of June.
To complete the initial phase of this outreach, a press release will be issued following the Company's 10Q filing, with information on an open-to-the-public conference call. Calling instructions will be provided whereby any interested party will be able to speak directly to CEO Nicholson with questions and/or clarification requests in a moderated format. If particular questions needs to be addressed in advance of the 10-Q filing, such action will be taken via the Company website, or by press release if required.
According to Mr. Nicholson, the purpose of the outreach is twofold. "This is a concerted effort to return the levels of transparency and openness that defined First Liberty Power so fully in 2013," Nicholson said. "It is also the goal of the entire management team to rebuild investor trust and confidence in all aspects of Company operations and to further restore faith in our plans going forward."
Additional elements of the ongoing investor outreach include continuation of the monthly CEO Corner updates on the FLPC website. Those posts will be supplemented by bi-weekly operations website updates from COO Trikeriotis and department managers, including geology, mining, milling, finance and HR. There will also be an Annual General Shareholders Meeting, at a November, 2014 date to be announced, to be timed with the filing of our 10-K annual report. The meeting will be open to the public, at our new offices in Reno, with shareholder attendance encouraged.
First Liberty Power will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in Company mining and financial operations.
ABOUT FIRST LIBERTY POWER CORPORATION (OTCQB: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology of open and transparent procedures designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
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.
Source:First Liberty Power Corporation