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Liberty Receives Continued Support From Jilin Jien
Liberty Receives Continued Support From Jilin Jien
About this update from Electric Metals Usa Limited
[{"type":"text","content":"\nLiberty Receives Continued Support From Jilin Jien\n\n\n Dec. 7, 2010 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), Following its recent change in management, Liberty Mines Inc.  (\"Liberty\", or the \"Company\") was pleased to receive last week representatives of its majority shareholder, Jilin Jien, including and together with Liberty Directors, Mr. Wu Shu,  Mr. John Pinsent, Mr. Gil Bertrand and Dr. Tao Li.The Jilien Jien representatives and Directors reviewed the Company over several days, meeting with management and visiting the mine and mill operations to review progress on the McWatters Underground.  Jilien Jien provided recommendations to operation and management personnel to address the performance issues of the Company and reinforced their enthusiastic support and willingness to provide continued operational assistance.Together with Interim CEO, Jay Richardson, the Company and Jilin Jien made substantial progress developing an updated strategic plan of Liberty for 2011 and beyond that is expected to include increased attention and investment in exploration and development.  The Company plans to release more information on its strategic plan later this month.Pleased with its review of Liberty, Jilin Jien has provided further support for the Company, advancing last week $800,000 for general working capital requirements.Jay Richardson commented: \"We are very pleased with this affirmation of Jilin Jien's support for Liberty, which has been consistent and very substantial since their major investment in early 2009.  This additional support at this time speaks to their commitment to Liberty and all of us at the Company are extremely pleased to have such a strong and supportive majority shareholder.About Liberty Mines Inc.Liberty Mines Inc. (LBE:TSX) is a 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 Redstone nickel concentrator near Timmins, Ontario.About Jilin Jien Nickel Industry Co., Ltd.Jilin Jien is one of the largest subsidiaries of Jilin Haorong Nonferrous Metal Group Co., Ltd., which was founded in 1960.Jilin Jien possesses four nickel mines, one molybdenum mine, one silver mine and one coal mine, two ...