Well, this looks like it's near the end of the road for us...

Liberty Mines puts itself up for sale
Operations suspended at three nickel sites
By THE CANADIAN PRESS

EDMONTON — Liberty Mines Inc. (TSX:LBE) said Friday it is immediately suspending operations at three Ontario operations as a result of a drop in commodities prices caused by the global economic downturn, and that it is putting itself up for potential sale.

“In these difficult financial times, a company needs to be flexible and creative in order to survive,” said president and CEO Gary Nash.

“Liberty is rich in mining assets and is seeking a business combination with a partner who is looking for first class mining assets that can finance our growth and production plans.”

The Edmonton-based company said it is open to a partnership, takeover or other arrangement.

It also said it will initiate a “care and maintenance program” at its Redstone and McWatters nickel mines and the Redstone nickel concentrator, effective immediately.

Earlier this week, the company said it is looking for financing alternatives after a previous financing failed.

“Liberty will be seeking near-term financing in order to fund its intended restructuring and interim operations,” the company said Friday.

Liberty is a producer of nickel and also explores, develops and produces copper, cobalt and platinum group metals.