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Liberty Mines Amends Financing Agreements; Stocks Hike More than 14%

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Liberty Mines Inc. (LBE.TO) has reached an agreement to extend the maturity date to March 14, 2014 for 2 separate loan and restructuring agreements previously signed with Jien International Investment Ltd.

The loan agreement was originally signed on June 30, 2011, and provided Liberty a fully-drawn term loan of C$28,914,849.06 and a fully-drawn revolving loan in the principal amount of C$20 million. Its original maturity date was December 31, 2012.

LBE has jumped more than 14% to 4 cents but is trading closer to year low 3 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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