Category Archives: Liberty

INDIANAPOLIS (AP) -- Tamika Catchings scored 23 points, including the winning free throws with 8.4 seconds left, to give the Indiana Fever an 84-82 victory over the New York Liberty on Tuesday.

Katie Douglas scored 20 points and Shavonte Zellous added 12 as the Fever (10-6) squandered a 12-point lead and trailed by four in the final minutes before rallying.

''We did a good job holding our composure down the stretch,'' Catchings said. ''When you look at it there are things that you're happy about and things you aren't happy about. Just continuing our quest to be a good team. We made some great defensive stops.''

Indiana finished 53 percent from the field, including 9 for 18 on 3-pointers.

Cappie Pondexter scored a season-high 33 points and Essence Carson added 14 for the Liberty (6-11), who have lost two straight and six of nine.

''Felt like we could have won the game,'' Pondexter said. ''We had a chance. It seems like we battle this team back and forth, playoffs, regular season, for the past three years ever since I've been in New York.''

Trailing 73-70 midway through the fourth quarter, the Liberty scored seven consecutive points to take their biggest lead. Leilani Mitchell made 3 to tie the score, Pondexter hit a technical free throw called on Indiana's Briann January for arguing and then Pondexter made a 3 to put New York up 77-73 with 3 1/2 minutes to go.

Catchings came back with a 3-pointer nearly a minute later and hit another one with 1:53 remaining to give the Fever a 79-77 lead.

Pondexter hit a tying jumper, and Douglas and Pondexter traded 3-pointers 14 seconds apart to leave the score tied at 82 with 35.5 seconds to go.

Indiana passed inbounds with 17.5 seconds left in the game and 6 seconds to go on the shot clock. The ball went all the way to the backcourt, where January tracked it down, hustled upcourt and missed a desperation shot. Catchings rebounded and was fouled. She made both free throws to put Indiana ahead.

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Catchings' late FTs lift Fever past Liberty

HOUSTON, July 11, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (LBYE) ("Liberty" or "the Company") is pleased to announce a draw-down from its equity financing agreement.

The funds have been drawn to support the exploration of the Company's newly acquired Texas acreage and the ongoing operational activities on its existing oil and gas leases.

The Company has received the draw-down under the terms of its equity investment agreement that does not include any debt financing and facilitates funding of up to $8,000,000.

The Company is working to finalize geological and geophysical work plans to be completed on the new leases. The new leases make up over 1,000 acres in Texas and are considered to be low risk being positioned within proven, multiple payzone, producing counties. The Company also intends to work with existing partners to investigate and further develop the new and existing leases.

"We are delighted to have the continued support and financial backing of our investors. We are working with geologists and consultants to determine the best approach for our Company and its stakeholders. With the continued support of the financing agreement we hope to proceed with developing our new and existing assets" commented Ian Spowart, CEO of Liberty Energy Corp.

ABOUT LIBERTY: Liberty Energy Corp. (LBYE) is an Independent Oil and Gas Exploration and Production Company dedicated to the sourcing and production of fuel supplies in the United States and Europe. Headquartered in Houston, Texas, the company has signed agreements to acquire leases and royalties in both Texas and Bulgaria, covering several wells with extensive potential for future development. In Texas, four leases -- Dahlstrom, Ratliff, and two at Lockhart Northeast -- are identified as rich oil and gas sites based around numerous geological pay zones. In North-West Bulgaria, Liberty has acquired royalty rights to a 1,000,000+ acre natural gas property (the A-Lovech exploration block), an area of high quality, low- sulphur natural gas condensate. Through this combined international reach and domestic focus, Liberty Energy is committed to the development of US fuel reserves while seeking out further opportunities for the global energy markets.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Liberty Energy Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Liberty Energy Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Liberty Energy Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

ON BEHALF OF THE BOARD OF DIRECTORS,

Liberty Energy Corp

Ian Spowart Chief Executive Officer

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Liberty Energy Corp. Announces Draw-Down to Fund Exploration of New Leases and Operational Activities

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Interactive Corporation (Nasdaq: LINTA, LINTB) will release its second quarter earnings on Wednesday, August 8th at 10:00 am (ET). Greg Maffei, Liberty Interactives President and CEO, will host the call. During the call, Mr. Maffeiwill discuss the company's financial performance and may discuss the proposed creation of the Ventures Group tracking stock, as well as other forward looking matters.

Please call Premiere Conferencing at (800) 967-7187 or (719) 457-2715 at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature.

Replays of the conference call can be accessed through 11:00 a.m. (ET) on August 15th, by dialing (888) 203-1112 or (719) 457-0820 plus the passcode 4430057#.

In addition, the second quarter earnings conference call will be broadcast live via the Internet. All interested participants should visit the Liberty Interactive Corporation website at http://www.libertyinteractive.com/events to register for the web cast. Links to the press release and replays of the call will also be available on the Liberty Interactive website. The conference call and related materials will be archived on the website for one year.

About Liberty Interactive Corporation

Liberty Interactive (Nasdaq: LINTA, LINTB) owns interests in a broad range of digital commerce businesses including QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite, and Expedia.

Additional Information

Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of the proposed Liberty Ventures tracking stock or Liberty Interactives existing common stock. The offer and sale of shares of the proposed tracking stock will only be made pursuant to Liberty Interactives effective registration statement. Liberty Interactive stockholders and other investors are urged to read the Form S-4 registration statement filed with the SEC, including the proxy statement/prospectus contained therein, because they contain important information about the issuance of shares of the proposed tracking stock. Copies of Liberty Interactives SEC filings are available free of charge at the SECs website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein will also be available, without charge, by directing a request to Liberty Interactive Corporation, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5408.

Participants in a Solicitation

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Liberty Interactive Corporation Announces Second Quarter Earnings Release and Conference Call

* Decision made after 18-month review

* Project would have cost "a lot more" than $1.5 bln

* Liberty project has history of delays, problems

By Yereth Rosen

ANCHORAGE, Alaska July 9 (Reuters) - BP has indefinitely suspended a $1.5 billion offshore oil project in Alaska due to cost overruns and technical setbacks, a company spokeswoman said on Monday.

An 18-month company review concluded that the Liberty project, a field with about 100 million barrels of recoverable oil, should not go forward as planned, said Dawn Patience with BP Exploration (Alaska) Inc.

"We are not going to pursue Liberty in its present form," said Patience. "The project, as it's designed right now, doesn't meet BP's standards."

Under plans submitted five years ago to regulators, Liberty would have been the first oil field located entirely in Federal waters offshore Alaska. Back then, BP expected production to begin in 2011.

A BP review found that Liberty -- slated to produce 40,000 barrels a day -- would have cost "a lot more" than the $1.5 billion BP had planned to spend there and would have taken several additional years to begin production, Patience said.

BP may still try to develop Liberty later.

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BP's Liberty Project Suspended In Alaska Due To Costs And Setbacks

The Libertys season is almost half over but unless there is significant improvement, this team could be finished sooner rather than later.

New York (6-10) remains mired in fifth place in the Eastern Conference as it heads into todays game at Indiana (9-6). The Fever are 5-2 home.

The last time New York played at Indianapolis, it took a 91-68 beating, one of the worst in franchise history. This is the second of a three-game stretch before the Olympic break. The Liberty got drilled at home Sunday, 94-81 by the San Antonio Silver Stars.

We didnt have a good outing defensively, Liberty coach John Whisenant told reporters after the game. Weve had a couple of good defensive outings against Seattle and more recently Chicago, and we never got control of this one.

The defense, which hasnt been good all season, wasnt the biggest problem against San Antonio. The Liberty were inconsistent offensively.

After scoring 28 points in the first quarter they scored just half of that (14) in the second. New York regained some mojo at halftime and scored 27 points in the third quarter. But the Liberty couldnt maintain it and scored just 12 in the fourth quarter.

Injuries have taken a toll. Power forward Plenette Pierson, one of the best all-around pros in the WNBA, is expected to miss her seventh straight game with a strained left knee. Center Kia Vaughn, the teams leading rebounder, is expected to sit out her third straight game with a concussion.

The Liberty are 1 1/2 games behind the Atlanta Dream for the last playoff spot in the East. They lead the Washington Mystics by 1 1/2 games. The Liberty end the first half of the season with a home game against Washington on Friday.

If nothing else, the month long break will give New York a chance to heal.

lenn.robbins@nypost.com

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Struggling Liberty need change

From Liberty athletics:

LYNCHBURG, Va. Representatives from football, men's and women's basketball, wrestling and the men's track & field program will be among the next five members inducted into the Liberty Athletics Hall of Fame in September.

The five-member class, the fourth such to be inducted into the Liberty Athletics Hall of Fame, will be honored during special ceremonies surrounding Liberty's football match-up with Lehigh on Sept. 22 at Williams Stadium.

The five-member class includes Jesse Castro (wrestling), Mark Chafin (men's basketball), John Sanders (football), Sharon Snodgrass (women's basketball) and Ryan Werner (men's track & field).

The Liberty Athletics Hall of Fame induction ceremony will be held on Sept. 21 on the Club Pavilion level of the Williams Stadium Tower, while the five-member class will receive special recognition during the Lehigh game the evening following the ceremony.

The Liberty Athletics Hall of Fame celebrates the best of the best, honoring those who helped shape the face of Liberty Athletics. The Hall of Fame's now 22 members have each played a key role in helping Liberty grow from an NCCAA program in 1972 to its current status as a thriving NCAA Division I program today.

Jesse Castro

(Wrestling 1977-81)

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Liberty Announces Hall of Fame Class of 2012

MALVERN, Pa., July 9, 2012 /PRNewswire/ --Liberty Property Trust (LRY) will host its second quarter results conference call on Tuesday, July 24, 2012, at 1:00 P.M., ET. The call can be accessed by dialing (888) 870-2815 and entering the passcode 98243676. The conference call will also be available live at http://www.libertyproperty.com in the "Investor Relations" section of the site. Liberty will issue a press release detailing results the same day before the market opens.

If you are unable to join the conference call, you may access the archived webcast, also in the Investor Relations section of the web site. In addition, a recording will be available telephonically until August 17, 2012 by dialing (855) 859-2056 and using the passcode 98243676.

Liberty Property Trust (LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio consists of 650 properties providing office, distribution and light manufacturing facilities to 1,700 tenants.

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Liberty Property Trust Hosts Second Quarter 2012 Results Conference Call

TORONTO, ONTARIO--(Marketwire - July 9, 2012) - Liberty Silver Corp. (LSL.TO)(LBSV) ("Liberty Silver" or the "Company") is pleased to announce results of the first phase of its 2012 drilling program in the Trinity silver mining district in Pershing County, Nevada. Drilling was directed to the exploration of selected areas adjacent to the resource zone identified in the Company's 2011 NI 43-1012 technical report (the "Resource Area"), as well as confirmation of that resource.

Highlights

Bill Tafuri, President and COO, said, "We are extremely pleased with the results from phase one of our 2012 drilling program. Trinity is a large, high quality asset that provides us with a relatively low-risk opportunity to expand the known Resource, and also has high quality exploration targets. We are very excited about the potential revealed by the first phase of drilling."

PROGRAM HIGHLIGHTS

Eighteen vertical drill holes were completed to depths of up to 1,500 feet in rhyolite and underlying metasedimentry host rocks by reverse circulation for a total of (20,030) feet. Drilling tested parts of five (5) geographic domains in the vicinity of the southern end the Trinity open pit mine and the 43-101 Resource Area. Sixteen holes intercepted sample intervals greater than 1 opt silver ("Ag") with grades as high as 15 opt Ag. Sulfide zone samples contain up to 1.7 % lead ("Pb") and 1.6 % zinc ("Zn"). A map of the location of the drill holes can be found on the Company's website at: http://www.libertysilvercorp.com.

In addition to 18 holes drilled during phase 1 of the 2012 drilling program, approximately 395 holes were drilled during the period from 1982-2007, mainly by US Borax. While approximately 50 of these holes are widely spaced throughout the approximate 13 square-mile area of interest, the large majority are located within an approximate one square mile area centered on the Trinity open pit silver mine. Based on historical(1) and current assays, all holes contain anomalous silver throughout. The non-43-101-compliant average grade for all 413 holes is 0.70 opt Ag.

The following Table summarizes the oxide mineralization encountered in the drilling:

The Following Table summarizes the deeper sulfide mineralization as well as base metals of interest:

The three holes drilled in Domain 1, penetrated to depths of 1,040 to 1,120 ft and contain weakly anomalous Ag throughout. Very thin horizons of Ag at 1.2 to 5.1 opt Ag are found spatially associated with speculated fault zones at 635 to 700 ft depths.

Domain 2 (Holes A12-1, -2, -3 and -6) is located immediately southwest of the south end of the Trinity pit. Holes A12-1 and A12-6 host no oxide Ag above 0.5 opt but do contain sulfide Ag averaging 0.90 opt and 0.95 opt Ag, respectively with grades improving at depth. A12-2 contains 1.0 opt oxide Ag at a depth of 80 to 90 ft while A12-3 contains 0.77 opt oxide Ag from 105-115 ft deep.

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Liberty Silver Corp. Successfully Completes First Phase of 2012 Drilling Program

HOUSTON, July 9, 2012 (GLOBE NEWSWIRE) -- Liberty Energy Corp. (LBYE) ("Liberty" or "the Company") is pleased to announce the completion of its acquisition of over 1,000 acres in Bastrop, Caldwell and Eastland Counties, Texas.

The acquisition falls in line with the Company's strategy of growing shareholder value through acquiring assets in proven onshore oil and gas play within the US. The leases are considered to be highly prospective, with a mixture of work-over potential and exploration and development drilling.

The Company is working to finalize geological and geophysical work plans to be completed on the new leases. All of the new leases are considered to be low risk being positioned within proven, multiple payzone, producing counties. The Company also intends to work with existing partners to investigate and further develop the new and existing leases.

Ian Spowart, Chief Executive Officer, commented: "Whilst our strategy is to expand aggressively, we are always looking to maximize returns and increase shareholder value. The new acreage is a great addition to our existing portfolio and we look forward to providing further information on geological and geophysical work to be carried out on the new leases in due course."

Bastrop County

Bastrop County is located in South Texas. The majority of production in Bastrop is attributed to the Austin Chalk and Navarro formations.1 The county presently houses over 1,700 wells and over 170 operators including; Texas Vanguard Oil Company, Chalker Operating Inc. and Petro-Gas Inc.2 The Eagle Ford Shale formation is in the oil maturity window and is present in Bastrop County. The play is 50 miles wide and an average of 250 feet thick at a depth between 4,000 and 12,000 feet. The oil reserves are estimated at 3 billion barrels of oil (BBO) with potential output of 420,000 barrels of oil per day (bopd).1 Major producers in the county include Anadarko, Exxon-XTO and PetroHawk. Liberty will, under the terms of the LOI, acquire five leases comprising approximately 630 highly prospective acres within the county.

Caldwell County

There are four main pay zones within Caldwell County, the Sepertine, Dale Lime, Austin Chalk and Edwards. There are currently 385 operators (including Eagle Ford Oil Co., Inc., Luling O&G LLC and Texas Petroleum Investment Co.) and nearly 9,000 wells in Caldwell County.3 From March 2010 to March 2011 the county produced over 1 million barrels of oil (MMBO).4 Liberty will, under the terms of the LOI, acquire two leases comprising approximately 300 greatly prospective acres within the county.

Eastland County

In addition to having the Marble Falls, Duffer and Mississippian formations, Eastland County is the westernmost extension of the Barnett Shale play and can be considered as part of the active Barnett Shale play area.5 The Bend Arch has had a significant effect on the Barnett Shale in regards to regarding its burial history and geo-thermal makeup. The Barnett is the source rock for the hydrocarbons produced from many of the shallower zones over the Bend Arch such as the Marble Falls and Duffer. There are currently 893 operators (including North Ridge Corporation, Sun Expl. & Prod. Co.-Abilene and B & B Oil, Inc.) and over 10,900 wells in Eastland County.2 Using a geology-based assessment methodology, the U.S. Geological Survey estimated a mean of 26.7 trillion cubic feet (TCF) of undiscovered natural gas, a mean of 98.5 MMBO undiscovered oil, and a mean of 1.1 billion barrels of undiscovered natural gas liquids (BBNGL) in the Bend Arch-Fort Worth Basin Province.6 Liberty will, under the terms of the LOI, acquire one lease comprising approximately 110 considerably prospective acres within the county.

Excerpt from:
Liberty Energy Completes Assignment of Oil and Gas Assets in Texas

TSX: LBE

TORONTO , July 9, 2012 /CNW/ - Liberty Mines Inc. today announced that it received approval at its annual meeting of shareholders to consolidate its credit facilities with Jien International Investment Limited (JIIL), and extend the terms to a new maturity date of June 30, 2017 .

Following shareholder approval and subject to the execution of a new loan agreement with JIIL in due course, the consolidated credit facility will have an outstanding principal amount of: (i) $48,914,849 and (ii) US$19,348,828 plus accrued interest to date. The credit facility bears interest at 10% per annum, which is secured against the assets of the Company, and no interest will be payable until June 30 , 2014. Related to the new maturity date and consolidated terms, JIIL has also agreed to expand the available credit facility by an additional $10,000,000 as well as continues to provide an available facility to address the preferred shares if redeemed prior to June 30, 2013 .

"Consolidating the credit facilities and extending the terms out five years was based on Liberty's five year business plan," said Chris Stewart , President & CEO of Liberty Mines. "This change allows us the opportunity to ramp up our production in Timmins so that we can generate some solid financial results to start repaying our debt. With the continued support of our major shareholder Jilin Jien, we have been able to execute our turnaround strategy for Liberty Mines and we are now focused on moving ahead with our plans for the Timmins operations."

At the annual meeting, Liberty shareholders also approved the election of Mr. Shu Wu , Mr. John Pinsent , Dr. Tao Li , Dr. Shu Zhang , Mr. Kim Oishi , Mr. Chris Stewart and Mr. James Xiang as directors of the Company. The directors bring a combination of mining, capital markets and public company experience.

Liberty shareholders also approved the nomination of BDO Dunwoody as the auditors for the Company.

Liberty has filed the full voting results of its annual meeting on SEDAR.

About Liberty Mines Inc. Liberty Mines Inc. is a mid-tier producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada . It owns and operates the only nickel concentrator in the Shaw Dome, a prospective nickel belt region near Timmins, Ontario. With a new management team in place, Liberty is focused on growth initiatives not only through a more aggressive exploration program on its current properties but also through potential acquisition or partnership opportunities beyond its core Timmins area projects.

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Liberty Shareholders Approve Debt Restructuring