Las Vegas, NV, July 19, 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 an amendment to the Special Shareholder's Meeting presently set for July 31, 2013.
"The Board of Directors of First Liberty Power recently approved, and sought to obtain shareholder approval for, two amendments to the Company's articles of association; 1) an increase in the Company's authorized capital from 540,000,000 to 3,000,000,000 common shares, and 2) the authorization for 10,000,000 preferred shares," noted First Liberty Power's Chairman, Robert Reynolds, adding "However, with the Board having received a great deal of well-reasoned, impassioned and constructive feedback from the Company's shareholders on the authorized capital increase proposal in particular, further discussion and analysis was warranted. The Board of Directors ensuing decision was to revise amendment 1) to instead seek approval from shareholders for a more limited increase of 540,000,000 common shares."
The management of the Company has been instructed to immediately undertake the necessary steps to amend the regulatory filings, and any other required actions. Should this amendment result in a slight delay in the timing of the Special Shareholder Meeting, notification will be provided in the Company's filings and through its standard communication channels.
FLPC will continue to use Pathways of Progress announcements to inform and update shareholders and stakeholders 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.
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 firstname.lastname@example.org
Source:First Liberty Power Corporation