Las Vegas, NV, June 20, 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, today announced that their 3rd quarter 10Q financial statements have been filed with the SEC.
First Liberty CFO, Mario Beckles, noted the significance of the recent filing. "I'm pleased to say that the 3rd quarter was a positive one overall for FLPC, with significant progress made towards the launch of our first mining and processing operation at Fencemaker. We also remained focused on our objective to continue to improve the overall condition of our balance sheet, by reducing or eliminating several of our larger convertible notes, and by bringing on a new and more balanced financing structure to assist our entering into production. Equally important in this current filing, we maintained our commitment to our shareholders and investors to provide detailed and transparent financial reporting, above and beyond mandated requirements."
First Liberty Power continues to execute the forecasted timelines in bringing Fencemaker into production. With that underway, the company is now directing its focus toward financing and constructing the nearby milling site, as well as outlining strategic actions required to advance its additional projects in Nevada and Utah. The management team is continuing to identify additional investors and operate openly with the investment community to improve the company's financial outlook.
According to Beckles, the company's advancement is continuing according to plans. "July 31st will mark the end of our 2012/13 fiscal year," Beckles said, "and it will be a significant moment in First Liberty Power's history as this past year we have clearly demonstrated our company's ability to accomplish measurable operational actions on all levels. Further, we are focused on continuing to set new targets, both in development and finance, which will improve FLPC's bottom line in successive years."
First Liberty Power will continue to use Pathways of Progress announcements to inform and update shareholders and investors of advancements in 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. firstlibertypower.com 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: Robert Reynolds (800) 709-1196 firstname.lastname@example.org
Source:First Liberty Power Corporation