Re: 39K.... financings from the past

Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Re: 39K.... financings from the past

in response to

Re: 39K....

Sarlock

posted on Aug 18, 2008 07:02PM

Sarlock that's a good post and definitely very sobering. I would think prioritizing and belt tightening take a front seat in times like these. The two new people on board will definitely be a plus right now. Let alone that they are a COUPLE NEW SETS OF EYES. These guys have some valuable experience sorting through costing and day to day mining operations. In the end we are all at the mercy of the price of Nickel.(and possibly future and past lenders)

Money Money Money.................

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May 8, 2008 - 1:32 PM EDT

EDMONTON, ALBERTA--(Marketwire - May 8, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce that it has arranged a US$15,000,000 credit facility with Jilin Jien Nickel Industry Company Ltd. ("JJNICL") of China. The funds, which are prepayments for concentrate produced from the Redstone nickel concentrator, will be advanced in tranches. Each tranche will bear interest at 9.71% on the outstanding balance and is repayable within one year of the date of funding with concentrate shipped to JJNICL; similar to Liberty's previous arrangement with JJNICL in 2006. No securities of any kind are to be issued by Liberty in connection with the credit facility.

Liberty has committed to ship 20 tonnes of concentrate per day under a revised off-take agreement commencing with pre-production at the McWatters nickel mine and ending on November 23, 2010. The balance of the concentrate from the Redstone mill will continue to be shipped to Xstrata Nickel in Sudbury under the existing off-take agreement as outlined in the press release of November 14, 2007.

"We are pleased to be provided with this non-dilutive credit facility from JJNICL." said Gary Nash, Liberty's President and CEO.

This credit facility completes the total financing announced on April 29, 2008. This part of the financing will be used to fund mining property acquisitions and associated exploration, continued development to bring the McWatters Mine into pre-production, and for general working capital. As most of the surface infrastructure at the McWatters Mine will be used for the Hart nickel mine currently in the permitting stage, the corresponding costs will be proportioned between the projects.

March 10, 2008 - 8:01 AM EDT

EDMONTON, ALBERTA--(Marketwire - March 10, 2008) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

"Liberty Mines Inc. (TSX:LBE) ("Liberty or the Corporation") is pleased to announce that it has entered into an agreement with Salman Partners Inc. as lead agent for a debt financing (the "Financing"), on a best efforts private placement basis, consisting of Units for gross proceeds of up to approximately $21,000,000.

Each Unit consists of one unsecured promissory note (the "Note") and 150 transferable share purchase warrants (the "Warrants"). Each Note will have a par value of C$1,000 and will pay a 12% coupon per annum, paid semi-annually for a period of three years. Each Warrant will be exercisable into one common share for a period of twenty-four (24) months from the date of Closing and have an exercise price of C$2.50 per share.

The Corporation may redeem the Notes at any time after two (2) years from the Closing Date (but with no less than 30 or more than 60 days notice) for an amount equal to the principal amount and all accrued and outstanding interest on the Notes up to the redemption date, plus an amount equal to the interest that would be payable on the Notes for the period from the redemption date to the date that is three (3) months from the redemption date.

The Notes will be direct unsecured obligations for borrowed money and will rank equally with all other unsecured indebtedness of the Corporation. The Notes are not convertible at the discretion of the lenders into common shares of the Company.

The Corporation will, subject to the approval of the Toronto Stock Exchange (the "TSX"), have the option to pay the principal amount and all accrued and unpaid interest due at maturity in Common Shares in lieu of cash other than in those circumstances where an event of default has occurred. Subject to a notice period of not more than 60 days and not less that 30 days, where the Corporation so elects to pay the Principal Amount and all accrued but unpaid interest in Common Shares, the Common Shares will be valued at 95% of the weighted average trading price on the TSX for the 20 consecutive trading days ending five trading days prior to the maturity date.

In consideration for their services, the agents will receive a cash commission equal to 6.0% of the gross proceeds from the offering.

The offering is scheduled to close on or about March 28, 2008 and is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals. The securities issued by Liberty in connection with these offerings are subject to a 4-month "hold period" as prescribed by the TSX. The net proceeds of the financing will be used for acquisitions and associated exploration, procurement of equipment and infrastructure to bring the Hart nickel mine into production, and general working capital."

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November 15, 2007 - 2:31 PM EST

EDMONTON, ALBERTA--(Marketwire - Nov. 15, 2007) - Liberty Mines Inc. ("Liberty" or the "Corporation") (TSX VENTURE:LBE) is pleased to announce that it has completed the brokered financing first announced on October 29, 2007 for gross proceeds of $16,800,000. The financing was led by Salman Partners Inc. and included Westwind Partners Inc. In connection with the financing, Liberty issued 7,000,000 units (the "Units") at a price of $2.40 per Unit. Each Unit consists of one common share of Liberty and one-half of one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of Liberty at a price of $3.00 per common share for a period of 18 months.

In connection with the financing, Liberty paid fees totaling $1,008,000 and issued compensation warrants exercisable for 420,000 common shares of the Corporation. Securities issued pursuant to this financing have a 4 month hold period which expires on March 16, 2007.

Completion of the financing remains subject to the final approval of the TSX Venture Exchange. Proceeds from the financing will be used to fund the construction of a portal and ramp for the McWatters Mine, development of the Redstone Mine shaft and general working capital requirements.

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September 27, 2007 - 7:54 PM EDT

Liberty Completes $11,398,575 Financing

In connection with the brokered financing, Liberty paid fees totaling $598,500.00 and issued compensation warrants exercisable for 210,000 common shares of Liberty. Securities issued pursuant to this financing have a 4 month hold period which expires on January 28, 2007.

The non-brokered part of the financing closed today raising $1,423,575 which consists of 499,500 flow-through shares issued at the same price and hold period as stated above. Liberty paid finders fees of $64,980 and issued compensation warrants exercisable for 22,800 common shares of the Corporation. The total gross proceeds received today were therefore $11,398,575.

Completion of the financing remains subject to the final approval of the TSX Venture Exchange.

Proceeds from the financing will be used for the exploration of the Corporation's extensive nickel, cobalt, and copper PGM mining claims. Liberty has a 100% ownership of 23,914 ha in the Shaw Dome Nickel Belt, the Groves Nickel Copper PGM Project and the McAra-Ray Cobalt Nickel Project. In addition, it holds 752 ha of gold mining claims and an option on 1,664 ha of nickel mining claims.

In connection with the financing, an aggregate of 42,500 Flow-Through Shares were issued to directors and officers of Liberty, together with their associated entities and related parties. In this regard, 12,000 Flow-Through Shares were acquired by Gary Nash, an aggregate of 20,000 Flow-Through Shares were acquired directly and indirectly by Donald Schurman, 7,000 Flow-Through Shares were acquired by William Randall and 3,500 Flow-Through Shares were acquired by Warren Cabral. "

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May 17, 2007 - 6:24 PM EDT

Liberty Completes $18,600,000 Financing

Liberty Mines Inc. (TSX-V: LBE) ("Liberty" or the "Corporation") is pleased to announce that it has completed the brokered financing through Salman Partners first announced on April 24, 2007 for gross proceeds of $18,600,000. In connection with the financing, Liberty issued 4,000,000 units (the "Units") at a price of $4.65 per Unit. Each Unit consists of one common share of Liberty and one-half of one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of Liberty at a price of $5.35 per common share for a period of 18 months provided that if after September 18, 2007 the closing price of the common shares on the principal market on which such shares trade is equal to or exceeds $5.50 for 20 consecutive trading days, then the expiry date of the share purchase warrants shall automatically accelerate to the date which is 30 days following the date a formal notice is issued by the Corporation announcing the accelerated expiry date of the share purchase warrants.

In connection with the financing, Liberty paid fees totaling $1,116,000 and issued compensation warrants exercisable for 240,000 common shares of the Corporation. Securities issued pursuant to this financing have a 4-month hold period which expires on September 17, 2007.

Completion of the financing remains subject to the final approval of the TSX Venture Exchange. Proceeds from the financing will be used for the construction of a shaft at the Redstone Mine.

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February 14, 2007 - 10:15 AM EST

Liberty Completes Second Tranche of $12,100,000 Flow-Through and Unit Financing

Liberty Mines Inc. (TSX-V: LBE) ("Liberty" or the "Corporation") is pleased to announce that it has completed the second tranche of its brokered financing through Salman Partners first announced on January 18, 2007 for gross proceeds of $1,458,540. In connection with the second tranche of the financing, the Corporation issued 540,200 flow-through common shares (the "Flow-Through Shares") at a price $2.70 per Flow-Through share, paid fees of $109,390.50 and issued compensation warrants exercisable for 43,216 common shares of Liberty. Securities issued pursuant to this tranche of the financing have a 4-month hold period which expires on June 15, 2007.

The total gross proceeds received from the financings were $12,100,000. Completion of the financing remains subject to the final approval of the TSX Venture Exchange.

In connection with the financing, an aggregate of 37,400 Flow-Through Shares and 18,000 Units (see press release of February 8, 2007 for Unit details) were issued to directors of Liberty, together with their associated entities and related parties. In this regard, an aggregate of 30,000 Flow-Through Shares were acquired by Daniel Dumas, an aggregate of 7,400 Flow-Through Shares and 4,000 Units were acquired directly and indirectly by Donald Schurman, and 14,000 Units were acquired by Gerry Feldman.

The proceeds of the Flow-Through Common Shares part of the financing will be used to fund exploration and development activities at the Redstone, McWatters, Hart and Galata projects and surrounding areas in Ontario. The Units' proceeds will be used for capital purchases at the Redstone mine, shaft and mill.

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February 8, 2007 - 10:53 AM EST

Liberty Closes First Tranche of Flow-Through and Unit Financing

Liberty Mines Inc. (TSX-V: LBE) (Liberty" or the "Corporation") is pleased to announce that it has completed the first tranche of its brokered financing through Salman Partners first announced on January 18, 2007 for gross proceeds of $8,041,590. The financing was modified to allow one institutional investor to close on February 14 in a second tranche to complete the financing as originally stated. In connection with the first tranche of the financing, Liberty issued 1,311,700 flow-through common shares (the "Flow-Through Shares") at a price $2.70 per Flow-Through Share and 1,800,000 units (the "Units") at a price of $2.50 per Unit. Each Unit consists of one common share of Liberty and one-half of one share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share of Liberty at a price of $2.80 per common share for a period of 24 months provided that if after June 9, 2007 the closing price of the common shares on the principal market on which such shares trade is equal to or exceeds $3.75 for 20 consecutive trading days, then the expiry date of the share purchase warrants shall automatically accelerate to the date which is 30 days following the date a formal notice is issued by the Corporation announcing the accelerated expiry date of the share purchase warrants.

In connection with the first tranche of the brokered financing, Liberty paid fees totaling $603,119.25 and issued compensation warrants exercisable for 248,936 common shares of Liberty. Securities issued pursuant to this tranche of the financing have a 4 month hold period which expires on June 9, 2007. The non-brokered part of the financing closed today raising $2,599,870 which consists of 599,740 units and 407,600 flow-through shares issued at the same prices, warrant acceleration clause and hold period as stated above. Liberty paid finders fees of $149,670 with no warrant compensation for this part of the financing. The total gross proceeds received today was therefore $10,641,460. Completion of the financing remains subject to the final approval of the TSX Venture Exchange.

The resignation of Mr. Tom James as a director of the company was accepted effective January 15, 2007. The directors wish to thank him for his service and contribution to the early formation of the Company as both a director and CFO. After taking a well deserved rest, Tom may be involved with the investor relations aspect of the Company.

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October 24, 2006 - 9:00 AM EDT

Liberty Completes Over-Subscribed Financing

Liberty Mines Inc. (TSX-V: LBE) ("Liberty or the Corporation") is pleased to announce the completion of its previously announced over-subscribed private placement with the receipt of gross proceeds of $9,044,690. A syndicate led by Salman Partners raised $8,000,115 (the "Brokered Offering") of the gross proceeds and Liberty raised the $1,044,575 (the "Non-Brokered Offering" and collectively, with the Brokered Offering, the "Offerings") balance of the funds. Under the Offerings 6,350,266 flow-through common shares (the "Flow-Through Shares") priced at $0.90 per Flow-Through Share and 3,917,000 units (the "Units") priced at $0.85 per Unit were issued. Each Unit consists of one common share and one-half of one common share purchase warrant. Each full warrant shall entitle the holder to purchase, at any time until October 23, 2008, one common share of the Corporation at a price of $1.00. The warrants are subject to an acceleration clause whereby if the closing trading price of the Corporation's common shares is $1.50 or more for a period of 20 consecutive trading days, the Corporation will have the option to require the earlier exercise of the warrants within 30 days of formal notice from the company.

All securities issued under the Offerings are subject to a four-month hold period, which expires on February 24, 2007. Closing of the Offerings is subject to the final approval of the TSX Venture Exchange.

Salman Partners Inc. acted as lead agent for a syndicate of agents including MGI Securities Inc. to arrange the Offerings and was paid a cash commission of 7.5% of the gross proceeds raised under the Brokered Offering, and received broker warrants to acquire 726,808 common shares of Liberty. Each broker warrant is exercisable for one common share of Liberty at any time until October 23, 2008 at an exercise price equal to $1.00. The broker warrants are also subject to an acceleration clause whereby if the closing trading price of the Corporation's common shares is $1.50 or more for a period of 20 consecutive trading days, the Corporation will have the option to require the earlier exercise of the warrants within 30 days of formal notice from the company.

The net proceeds from the sale of the Flow-Through Shares will be used to fund exploration and development activities at the Redstone, McWatters, Hart and McAra Lake projects and surrounding areas in Ontario. The net proceeds from the sale of the Units will be used for construction, development and working capital purposes.

In connection with the financing, an aggregate of 284,222 Flow-Through Shares were issued to directors of Liberty, together with their associated entities and related parties. The filing of a material change report relating to the financing will occur after the closing date of the financing. However, Liberty believes that this is reasonable and necessary as the information contained in the material change report was not previously available to Liberty.

Prior to the Offerings, Liberty had a total of 45,398,155 common shares issued and outstanding.

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