liberty gold corp (LBGO:OTC BB)
liberty gold corp (LBGO) Key Developments
On January 10, 2013, Liberty Gold Corp. announced that registered independent public accountant, Peter Messineo, CPA, of Palm Harbor Florida (PM) declined to stand for re-appointment. PM has merged his firm into the registered firm of Drake and Klein CPAs PA. On January 10, 2013, the company engaged Drake, Klein, Messineo, CPAs as its new registered independent public accountant.
On July 19, 2012 the management of, Liberty Gold Corp. dismissed its independent registered public accounting firm, LI & Company, LP. This dismissal was approved by the Board of Directors of the company on the same day. The reports of Li Co. on the financial statements of the company for the years ended March 31, 2011 and March 31, 2012 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles other than a going concern qualification in the notes thereto. The decision to change independent registered public accounting firms was made and approved by the sole member of the Board of Directors of the Registrant. The company has engaged Peter Messineo, CPA as its new independent certified public accounting firm to audit the Registrant's financial statements effective July 19, 2012.
Liberty Gold Corp. appointed Bruce Taylor Walsham as director of the company. He will serve until the next annual meeting of shareholders or until his successor is appointed. Mr. Walsham is an engineer with over 50 years of experience in the mining industry who has been a team member in discoveries of gold and other precious metals in Africa, the United States, Europe and Asia. Since 2002 he has been President, CEO and a Director of Kansai Mining Corporation. Prior to his appointment, Mr. Walsham had entered into a consulting agreement with the company which pays him $3,000 per month and awards him 50,000 shares every three months and under which he agreed to serve as a director.
On 06/29/2012, Liberty Gold Corp announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Liberty Gold Corp. announced it has acquired a 60% interest in the 2,218-acre McCord Creek Property gold project in central Alaska's Tolovana Mining District. Liberty Gold will be the project's operator. The McCord Creek project is comprised of 14 State mining claims located 70 miles northwest of Fairbanks in the Tintina Gold Belt, which has produced nearly 30 million ounces (Moz) of gold to date and has experienced accelerated gold exploration, development, and mining activity over the years. The McCord Creek property is also located within the eastern extension of the Livengood gold district, and immediately adjoins the eastern side of International Tower Hill Mines' (ITH) Livengood Property. The Money Knob deposit on ITH's Livengood Property represents a resource estimate of 20.6 Moz gold (16.5 Moz Measured & Indicated; 4.1 Moz Inferred). To the southeast of the McCord Creek property is Kinross Gold's Fort Knox mine, which produces over $1 million of gold equivalent per day. Also to the southeast is the Pogo mine, which produced 324,722 troy ounces of gold in 2011.
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| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 8.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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