Category Archives: Liberty

After the Liberty lost its opener, 78-73 to the Connecticut Sun in the Garden, coach John Whisenant said he liked his team. Judging by the way they have played, one must ask if the players like him.

The Liberty (0-4) is one of just three winless teams in the WNBA and the prospects for a first win are grim.

They play at the Indiana Fever (3-0), one of three undefeated teams, Saturday night (7 p.m, not on television). The teams then do it again Sunday night at the Prudential Center.

The Liberty have never opened a season 0-5. Worse, they have shown no signs of improving. After dropping the opener by five, the Liberty lost a rematch with the Sun in Connecticut by 15 (92-77). Then came an 18-point loss to the Minnesota Lynx, the defending WNBA champs. And the most recent loss was a 26-point blowout in Atlanta, 100-74, to the Dream.

No doubt the Liberty have played a brutally tough schedule. But this franchise, still searching for its first league title, has played tough schedules before.

This is Whisenants second season with the Liberty. The franchise believed one of the greatest players in womens basketball history Carol Blazejowski had taken the team as far as it could go. She was the GM from Day 1.

The Liberty went 19-15 last season and was eliminated in the first round of the playoffs. The early part of the season was focused on learning Whisenants new systems. This season he incorporated some of former Knicks coach Mike DAntonis offense. But the Liberty is averaging just 71.5 points per game, third worst in the league. and they are dead last in point differantial (-16), allowing 87.5 points.

lenn.robbins@nypost.com

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Liberty look to catch winning Fever

TORONTO, ONTARIO--(Marketwire -06/01/12)- Liberty Silver Corp. (LSL.TO)(LBSV) ("Liberty Silver" or the "Company") announces that it has issued 650,000 common shares in satisfaction of a previously disclosed contractual obligation. Further to its press release dated December 21, 2011 announcing the closing of an equity financing that included the issuance by the Company of 6,500,000 subscription receipts ("Subscription Receipts"), Liberty Silver granted to holders of Subscription Receipts certain U.S. registration rights whereby the Company agreed to issue one additional common share for each ten (10) Subscription Receipts in the event that the Company had not registered the securities underlying the Subscription Receipts by May 31, 2012.

About Liberty Silver Corp.

Liberty Silver Corp. is focused on exploring and developing mineral properties located in North America. A skilled, experienced, management team and board of directors with significant experience managing exploration, development and mining projects lead the Company. The Company is committed to creating value for its shareholders by advancing its current projects utilizing its mitigated risk approach to production, developing new resources on its current properties, and by acquiring new properties that have the potential to increase their resource base. The Trinity Silver project, located in Pershing County, Nevada is the Company's flagship project. Liberty Silver has the right to earn a joint venture interest in the 10,476 acre Trinity property from Renaissance Gold Inc. ("Renaissance") pursuant to the terms of an Earn-In Agreement. Renaissance acquired its rights to the Trinity property from Newmont USA Limited, a Delaware corporation, doing business in Nevada as Newmont Mining Corporation ("Newmont"), and the Company is indirectly subject to the rights and obligations of Renaissance under its agreement with Newmont.

This press release is not an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sales of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

Forward-Looking Statements

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Liberty Silver Issues 650,000 Shares in Satisfaction of Contractual Obligation

Mike Farrell -- Multichannel News, 5/31/2012 6:19:50 PM

Sirius XM Radio continued to try to stave off Liberty Media chairman John Malone's advances, stating in Securities and Exchange Commission filings that it is in discussions with the media giant to work out a deal that would be mutually beneficial to all shareholders. Liberty has been trying to gain control of Sirius since March, when it filed a petition with the Federal Communications Commission to gain de facto control of its satellite assets. While those efforts were rejected by the FCC on May 4, Liberty vowed to refile its petition. Liberty made good on that promise Thursday, outlining a path to control of Sirius that would include converting half of the preferred stock it owns in Sirius to common stock, giving it 32% of Sirius' outstanding shares. The media giant said in an SEC filing Thursday that it would move quickly to gain control of Sirius' board of directors by nominating a majority of its directors. Liberty, which owns preferred stock convertible into about 46% of Sirius' outstanding shares, currently can nominate five of its 13-member board. Sirius countered in its own SEC filing that such nominations could require a special meeting of shareholders, which can only be called by two or more directors or the company CEO. To date no such request has been made to Sirius. Sirius said in SEC documents that it is in discussions with Liberty "to explore possible transactions with respect to its ownership interest in Sirius, although we have not reached agreement with respect to a specific transaction that would be mutually beneficial to both our common and preferred stockholders." Sirius stressed there is no guarantee that such an agreement could be reached and added that any developments from those discussions were not expected to be disclosed. The most recent moves are a culmination in what has been a contentious battle between Liberty and Sirius CEO Mel Karmazin, who told shareholders at Sirius' annual meeting last week that he could not stop Liberty from buying shares on the open market, but hoped that they would pay a premium for control. Liberty may not have to, according to one analyst. In a research note Thursday, Canaccord Genuity media analyst Tom Eagan said he expected Liberty to buy Sirius shares on the open market. "Contrary to what many on the Street expect, we do not believe that Liberty needs FCC approval to take control of Sirius," Eagan wrote. "We believe they need to merely inform the FCC if they intend, for example, to increase their stake to above 51% (from 46.2% as of the last filing). Or Liberty could negotiate with the board to take control with, say 49.9%."

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Liberty Moving Toward Sirius Control

5/31/2012 10:57 PM ET (RTTNews) - Liberty Media Corp. (LMCA: News , LMCB) said Thursday that it intends to assert control of satellite radio company Sirius XM Radio Inc. (SIRI: News ), upon receiving approval from the Federal Communications Commission or FCC.

In a filing with the Securities and Exchange Commission, Englewood, Colorado-based Liberty Media said it has asked the FCC to reconsider the agency's previous dismissal of its application for permission take control of Sirius. In early May, the FCC rejected Liberty Media's application for approval to take de facto control of Sirius, saying that the application was "defective". The rejection represented a major setback to Liberty Media and its chairman John Malone.

John Malone's Liberty Media, Sirius's largest shareholder, made its application in March to take over the company's operating licenses. Earlier in May, Liberty Media boosted its stake in Sirius to 46.2 percent from 40 percent.

Liberty Media said in the SEC filing that it plans to convert almost one-half of the preferred stock it owns in Sirius, giving it a stake of 32 percent of the total outstanding shares of common stock.

Liberty Media also said that "as soon as practicable", it intends to nominate for elections persons to serve on Sirius' board, such that persons nominated by the company will constitute a majority of the board of directors.

Liberty Media added that it will vote all of its shares of common stock in favor of such nominees. The company already holds 5 of the 13 board seats in Sirius.

In response, New York-based Sirius said in a SEC filing on Thursday that it has been in talks with Liberty to explore possible transaction with respect to Liberty's stake in Sirius.

However, Sirius added that it has not reached an agreement with respect to a specific transaction that would be mutually beneficial to its common and preferred stockholders. There is no assurance that these discussions will result in any specific action or transaction, Sirius noted.

Sirius, led by CEO Mel Karmazin, said it has not been informed of any actions by Liberty Media to take control of its board. The company noted that new directors could not be added to its board without a special meeting that can only be called by two members of the current board of directors or the company's chief executive.

Sirius also said in its filing that any action to remove and replace its entire board of directors would require the consent of a majority of its outstanding common stock.

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Liberty Media Steps Up Efforts To Take Control Of Sirius XM Radio

By Rick Aristotle Munarriz | More Articles May 31, 2012 |

Liberty Media (Nasdaq: LMCA) has sunk its fangs into Sirius XM Radio (Nasdaq: SIRI) , and it's really just a matter of time before the digestion process begins.

As expected, Liberty Media is once again trying to take de facto control of the satellite radio operator. A fresh 13D SEC filing petitions regulators to once again consider the proposal.

What has changed since being rebuffed on May 4 for Liberty Media? Well, through a few transactions the company has beefed up its stake from a simply 40% preferred share position to an effective 46.2% stake. Liberty Media now has effective control of nearly 3 billion of Sirius XM's 6.5 billion shares outstanding. Is the FCC really going to make it jump through the final few hoops? There's a big difference between simply having the 40% preferred share stake that is has held for more than three years and making active moves to own more shares.

The filing details that Sirius XM plans to convert nearly half of its preferred stake into common stock and move to take a majority of the company's board seats.

It's at that point where investors and analysts alike can speculate on what Liberty Media will do with FCC-sanctioned control of the satellite radio giant, though a popular suggestion is that it will follow in the 2009 footsteps of what it did with DIRECTV (Nasdaq: DTV) . Through a Reverse Morris Trust transaction, Liberty Media would be able to spin out the business in a tax-advantaged manner.

This is obviously not the kind of news that Sirius XM investors were hoping to hear when they thought that Liberty Media would have to pay a juicy premium to take control of Sirius XM. However, there are no indications that Liberty Media wants to replace the company's leadership or disrupt the media heavyweight's trajectory. As Sirius XM's largest investor -- by far -- its best interests are aligned with shareholders.

Sirius XM was never about scoring a near-term pop, no matter what you hear on Channel 2 (the pop music-driven Sirius XM Hits 1 channel).

Running of the bullsI remain bullish on Sirius XM's future. It should come as no surprise that I'm promoting the CAPScall initiative for accountability by reiterating my bullish call on Sirius XM for Motley Fool CAPS.

XM Satellite Radio was a Rule Breakers recommendation before the Sirius XM merger. It's now gone from the scorecard, but if you want to discover the newsletter service's next rule-breaking multibagger, a free report reveals all.

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Sirius XM Can't Shake Free of Liberty

By Todd Shields and Alex Sherman - 2012-06-01T04:01:00Z

John Malones Liberty Media Corp. (LMCA), the holder of interests in businesses ranging from cable programmer Starz LLC to the Atlanta Braves baseball team, told U.S. regulators it wants to take over Sirius XM Radio Inc.

Liberty plans to assert control of the largest U.S. satellite radio provider after receiving approval from the Federal Communications Commission, the Englewood, Colorado-based company said in a filing yesterday. Liberty has asked the FCC to reconsider the agencys May 4 dismissal of its application for permission to take control, according to a filing with the Securities and Exchange Commission.

Libertys move has fueled speculation Malone wants to spin off his stake in New York-based Sirius, led by Chief Executive Officer Mel Karmazin. Liberty will probably execute a so-called Reverse Morris Trust, which involves splitting off its Sirius (SIRI) stake as a separate entity and giving its stockholders the option to hold or sell their Sirius shares, according to James Ratcliffe, an analyst at Barclays Capital Inc. in New York.

To execute the spinoff, Liberty must have Siriuss board approval. Sirius is in talks with Liberty about the companys ownership interest, according to a separate filing by Sirius. It said Sirius doesnt expect to disclose developments in the discussions.

Courtnee Ulrich, a Liberty spokeswoman, didnt respond to a telephone call and e-mail. Patrick Reilly, a Sirius spokesman, declined to comment.

Malone, Libertys chairman, saved Sirius from bankruptcy in 2009 with a $530 million loan. Liberty boosted its stake in Sirius to 46.2 percent from 40 percent last month.

Libertys interest in a Reverse Morris Trust is to save on capital gains taxes, said analyst Brett Harriss, a Gabelli & Co. analyst in Rye, New York. Distributing Sirius shares to Liberty stockholders through a spinoff instead of selling them on the open market lets the company avoid paying taxes on the sale, he said.

Liberty would also have the right to change management at the company if it gains control of the board. Malone may not want to remove Karmazin, who helped turn around the company since taking over in 2008, said Harriss, who has a hold rating on Sirius shares.

All the comments that Liberty has made toward Mel have been positive, and Mels done a good job increasing the companys profitability, Harriss said in an interview. That being said, I could see a situation where there could be conflicting personalities. These are two high-powered guys in Mel and John.

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Liberty Tells U.S. It Wants to Take Control of Sirius XM Radio

Liberty Media (LMCA) is stepping up its efforts to gain control of satellite radio broadcaster Sirius XM Radio (SIRI), according to regulatory papers filed Thursday.

In filings with the Securities and Exchange Commission, the two companies continued a cat and mouse game as Liberty Media has fought recently for control of Sirius.

In May, the Federal Communications Commission rejected a bid by Liberty Media to take control of Sirius. Liberty Media, Sirius' largest shareholder, now wants the FCC to reconsider that decision and has taken action to support their position that they should control the smaller company.

Liberty Media said in its filing that it intends to convert half of the preferred stock it owns in Sirius into common shares, which would give Liberty a total of 32% of the common stock. Liberty Media also said it will move as soon as practicable to take control of the satellite-radio broadcaster's board.

Sirius countered with its own filing Thursday afternoon, stating that it had been engaged in discussions with Liberty Media to explore possible transactions with respect to its ownership interest in Sirius.

But Sirius stressed that no agreement has been reached with respect to a specific transaction that would be mutually beneficial to both our common and preferred stockholders.

In addition, Sirius stated: There is no assurance that these discussions will result in any specific action or transaction. We do not expect to disclose developments with respect to these discussions.

Liberty Medias shares rose $1.28, or 1.53%, to $84.98. Sirius shares rose 1 cent, or 0.53% to $1.90.

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Liberty Media Steps Up Effort for Sirius XM Control

John Malone is no stranger to battles with media giants.

Liberty Media's John Malone and Sirius XM Radio's Mel Karmazin are using the regulatory system to go to war over control of the satellite-radio company.

Liberty, which already holds five of 13 Sirius XM board seats, said in a regulatory filing Thursday morning that it wants to take over a majority of Sirius' board a disclosure Malone made without informing Karmazin.

Sirius XM shot back in its own regulatory filing Thursday afternoon that it has been in discussions with Liberty about transactions related to Liberty's stake in the company but had not reached an agreement or been informed of Liberty's plans to shake up the board.

Sirius XM's filing further noted that new directors could not be added to its board without a special meeting that can only be called by two current directors or the chief executive. A proposal can also be made at the annual meeting, but that is at least a year away. Meanwhile, replacing the entire board would "require the consent of a majority of our outstanding common stock," Sirius XM said.

Both companies did not respond to requests for comment Thursday.

Liberty's new plan is "very likely to succeed," Lazard Capital Markets analyst Barton Crockett said in a research note. With control of the board, "Liberty may retain its stake long enough to transition to a new CEO," Crockett said.

Malone, a cable-industry pioneer whom Al Gore famously derided as "Darth Vader," is no stranger to battles with media titans. The reclusive billionaire has faced off with News Corp.'s Rupert Murdoch numerous times and, in 2008, nearly brought a two-decade-long friendship with Barry Diller to an end with an unsuccessful bid to gain control of Diller's IAC.

Douglas County-based Liberty in its filing Thursday also asked the Federal Communications Commission to reconsider a May 4 refusal of Liberty's previous application to take control of Sirius. Liberty said it plans to convert half of its preferred shares to common stock and hold about 32 percent of outstanding shares.

Earlier this month, Liberty raised its stake in Sirius to 46.2 percent from 40 percent as it bought another 60.35 million shares but did not announce its plan to convert to common stock until Thursday.

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Liberty Media chief John Malone launches bid to take over Sirius XM

Liberty Ross mother is her ultimate style icon.

The model inherited her love of vintage clothes from her fashion-savvy parent, who used to hunt for unique items.

Having walked for the likes of Louis Vuitton, Burberry and Diane von Furstenberg, the brunette beauty has been spoilt for choice when it comes to designer items.

But the 33-year-old clothes horse loves nothing more than taking to the streets of London to shop in markets.

Ive always been into clothes. I grew up on Portobello Market so I was always there, picking up a bargain, she told the July issue of Elle magazine, before adding her mother still rifles the rails and picks out items for her. My mum is the coolest girl Ive ever meet.

Liberty isnt a clothes hoarder and regularly clears out her wardrobes.

The star, who is currently appearing in Snow White and the Huntsman, often sells unwanted garments on the internet.

I wish my dressing room was bigger, she said. I cant stand having too much of anything. I like clean spaces. So I regularly go through my wardrobe and pass things around my family or do a big eBay sweep.

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Liberty Ross inspired by mother’s style

TSX: AUE AIM: AUE

TORONTO , May 30, 2012 /CNW/ - Aureus Mining Inc. (TSX: AUE / AIM: AUE) ("Aureus Mining" or the "Company") is pleased to announce an upgrade to its NI43-101 compliant Mineral Resource at its 100% owned New Liberty gold project in Liberia ("New Liberty").

Highlights

Commenting on the updated MRE for Aureus Mining, David Reading , President and Chief Executive Officer of Aureus Mining, said:

"We are very pleased to increase the total Mineral Resources at New Liberty to 1.14million ounces in Measured and Indicated Resources and 0.6 million ounces in Inferred Resources. As a result of the need to upgrade the reserves and complete the final metallurgical testwork, the Definitive Feasibility Study is now scheduled to be released in Q32012. Aureus will continue to define the size of the New Liberty ore body, which remains open at depth and along strike, through drilling one kilometre to the west of the planned open pit area."

Increased Resource at the New Liberty project

The increased MRE is accretive and updates the estimate announced on February2, 2012, which was undertaken by AMC Consultants Pty Ltd ("AMC") in accordance with the requirements of NI43-101. The MRE incorporates all the results from drilling as at April 4, 2012 , being 409 holes for 65,276 meters and was calculated on the basis of a 1.0g/t cut-off grade.

The total Resource estimate is comprised of 651,000 tonnes grading 4.77g/t (for 100,000 ounces) in the Measured category, 9,145,000 tonnes grading 3.55g/t (for 1,043,000 ounces) in the Indicated category, and 5,730,000 tonnes grading 3.2g/t (for 593,000 ounces) in the Inferred category, as detailed in the table below. The Measured and Indicated Resources are located generally within the first 200 meters below surface. The Inferred Resource remains open at depth.

Notes

Resource estimation parameters

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Resources Increase at New Liberty - Update on Completion of Definitive Feasibility Study