Las Vegas, NV, Dec. 12, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCPK), a diversified exploration, development and junior mining company focused on providing strategic minerals for America's future, today announced plans for a special stockholder's meeting.
First Liberty Power CEO, Don Nicholson detailed the purpose of the meeting "Based on a review of existing and projected capital requirements, the First Liberty Power Board of Directors has proposed increasing the Company's total authorized shares (A/S) to 5,000,000,000. In order to present this proposal to those concerned, a Proxy Statement, once approved by the Securities and Exchange Commission (SEC), will be distributed to all shareholders of record as of November 28, 2014. This will provide each shareholder the opportunity to vote on the A/S increase at the special stockholder's meeting, presently anticipated to be in January 2015."
In addition to the shareholder's meeting announcement, CEO Nicholson provided updates on certain Company developments. "Our independent auditors are currently reviewing FLPC's annual financial statements as part of the required 10-K filing. Upon completion of this process, the Company expects to file the 10-K and again be in full regulatory compliance. Additionally, FLPC officials have been in communication with several third-party sources regarding the potential use of the Liberty Mill to process feedstock materials. At this time, we are evaluating all such opportunities, and will provide updates upon determining a path forward relative to those operations."
First Liberty Power will continue to use Pathways of Progress announcements to release Company information and operational advancements.
ABOUT FIRST LIBERTY POWER CORPORATION (FLPC: OTCPK) First Liberty Power Corporation is a diversified exploration, development and junior mining company focused on providing strategic minerals for America's future. First Liberty Power is founded on a methodology designed to drive exploration and development of the Company's mining and processing operations. The Company's overall objective in bringing minerals to market is to ensure employee safety, environmental integrity and corporate good governance. FLPC's corporate philosophy is fully evidenced in their Pathways of Progress (POP) program, an open and transparent communication platform used to inform shareholders, investors and mining partners of Company news and advancements. First Liberty Power's current mineral portfolio includes antimony, gold, silver and other strategic mineral projects and properties.
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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.