Video Showcase

Liberty Silver set to trade after OSC review

10/19/2012 7:23:18 PM | Stockhouse Editorial

6781 Reads

Rate this

clarity
0

clarity : 0
Rate this:

overall quality
0 overall quality : 0
Average quality rating by the Stockhouse community.

credibility
0

credibility : 0
Rate this:

usefulness
0

usefulness : 0
Rate this:

The stock is set to resume following an Ontario Securities Commission review of its flagship Nevada mining project, which does not contain a mineral reserve.

Liberty Silver Corp. (TSX: T.LSL, Stock Forum) said Friday a cease trading order imposed by the U.S. Securities & Exchange Commission has expired. It now expects trading in its shares to resume on the TSX on Monday.

As reported by Stockhouse, Liberty was trading at 97 cents on October 5, 2012, when the stock was halted, leaving it with a market cap of $78.29 million, based on 80.7 million shares outstanding. The 52-week range is $1.58 and 40.5 cents.

Before regulators stepped in, Liberty had seen its stock price rise sharply to $1.58 from around 70 cents in September.

The company said in a press release it is advising the investment community that it has never provided any form of compensation to a newsletter writer or anyone else for investment research or to recommend investment in the company’s shares.

The company also said that it has no contractual or other relationship with Robert Genovese, BG Capital Group or any other company owned or controlled by Genovese, other than a subscription to a private placement in November 2011 by a company controlled by Mr. Genovese.

As a result of a review by staff of the Ontario Securities Commission, the company released a raft of data for its Trinity Silver Project in Nevada, Friday. The Trinity Silver Project does not contain a mineral reserve and is not currently in production, Liberty said.

ABOUT THE AUTHOR

Stockhouse Editorial

Stockhouse Conflict and Disclosure Policy:

Stockhouse publishing Ltd., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse Editorial articles (the "Articles") are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. Our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.

Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. These facts may be in error and if so, the opinions of our Writers may be materially different.

Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.

Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.

Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.