Liberty Gold Corp. Announces Name & Trading Symbol Change and Stock Split - in Addition to New Corporate Headquarters
PHOENIX, Ariz., July 13, 2011 /PRNewswire/ -- Liberty Gold Corp. (OTCBB: LBGO.OB; "Liberty Gold" and/or "the Company") is pleased to announce changes to the Company's name, trading symbol, and Business Description, as well as a Forward Stock Split on a 50-1 basis.
The Company has received approval from FINRA to change its name from Ibos Inc to Liberty Gold Corp. effective May 19, 2011. The new corporate name will be effective as of the start of business, May 20, 2011.
The newly named Liberty Gold Corp. will trade under the OTCBB ticker symbol LBGO.OB effective immediately. To note, the Company's Business Description has also been changed from Business Services to Mining Company effective immediately.
Liberty Gold's Board of Directors has approved a Forward Split of the Company's Common Stock on a 50-1 basis for shares held by shareholders on the date the Forward Split comes into effect (MAY 25th, 2011). The Forward Split does not affect the total value of shares held or the face value of shares held. Total outstanding shares now total 124.1 million, comprised of a free float of 62 million shares and a restricted position of 62.1 million shares.
In addition to the corporate actions, Liberty Gold is also pleased to announce its move to a new corporate HQ in Phoenix, AZ. The new facilities on East Camelback Road will serve as Liberty Gold's central hub for management.
"It feels good to have these fundamental business and shareholder changes in place," commented Lynn Harrison, Liberty Gold's President and CEO. "We can now better move on to next steps related to our real business – maximizing the potential of our precious metals projects."
FOR MORE INFORMATION
To learn more about the Company and its latest news, visit Liberty Gold's website at www.libertygoldcorp.com.
ABOUT LIBERTY GOLD CORP.
Liberty Gold Corp. is a publicly traded (OTCBB: LBGO.OB) gold and precious metals exploration company focused on emerging as an industry leader while effectively growing America's reserves of gold and silver. Headquartered in Phoenix, Arizona, Liberty Gold is committed to the responsible exploration and production of the nation's rich precious metals resources, as well as the proven resources of US-friendly nations. The Company's stable of major gold and silver projects is well established, and thanks to an active approach to property acquisitions, Liberty Gold's portfolio of significant assets continues to grow. For more information on the Company and its activities, visit Liberty Gold's website at www.libertygoldcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Liberty Gold Corp.
Lynn Harrison, President and CEO
2415 East Camelback Road
Suite 700
Phoenix, AZ
85016
Investor Relations:
Toll Free: 1-800-961-5388
E-mail: [email protected]
OTCBB: LBGO.OB
This press release includes certain statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Liberty Gold Corp.'s current expectations and projections about future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Liberty Gold Corp.'s anticipated financial performance, new developments, business prospects, strategies and similar matters. Liberty Gold Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
SOURCE Liberty Gold Corp.
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