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Liberty Mines Enters Into Shares for Debt Agreements and Implements Name Change

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TORONTO, ONTARIO--(Marketwired - Oct 24, 2013) - Liberty Mines Inc. (LBE.TO) has entered into settlement agreements with various creditors of the Company to re-structure approximately CDN$3,043,474in outstanding debt as at September 30, 2013. Liberty will settle the outstanding amount through the issuance of 1,380,891 common shares of the Company (the "Settlement Shares") and through a cash payment of CDN$$1,183,698. The deemed price of the Settlement Shares is based on the five day volume weighted average trading price of the common shares of the Company on October 22, 2013, being $0.66. Currently, the Company has 4,129,544 common shares issued and outstanding. Upon issuance of the Shares for Debt, the Company will have 5,510,435 shares outstanding and the shares for debt issuance will represent approximately 33% of the total issued and outstanding common shares of the Company. The transaction remains subject to the approval of the TSX and the common shares will be subject to a statutory hold period of four months and one day from the date of issuance.

Following the completion of the shares for debt transaction, as approved by the Company's shareholders at its most recent Special Meeting held on October 15, 2013, the Company shall convert a portion of the existing debt held by its largest shareholder and strategic partner, Jien International Investment Inc. ("JIIL") through the issuance of 2,000,000 common shares of the Company (the "JIIL Debt Conversion Shares"). Currently JIIL holds 2,476,633 common shares of Liberty, representing a 60% interest in the Company. Upon completion of the shares for debt transaction, JIIL will hold approximately 44%. Upon closing of both transactions there will be 7,510,435 common shares of the Company issued and outstanding and JIIL will maintain a 60% interest in the Company. The deemed price of the JIIL Debt Conversion Shares is based on the five day volume weighted average trading price of the common shares of the Company on October 22, 2013, being $0.66. The issuance of the JIIL Debt Conversion Shares will remain subject to a statutory hold period of four months and one day. The JIIL Debt Conversion Shares will represent approximately 48% of the total issued and outstanding common shares of the Company and the combined issuance of both the Settlement Shares and the JIIL Debt Conversion Shares will represent approximately 82% of the total issued and outstanding common shares of the Company.

Further, as approved by shareholders at the Special Meeting, the Company has changed its name to Northern Sun Mining Corp. to better reflect its current activities and will begin trading on the TSX under the new symbol "NSC" effective market open on Friday, October 25, 2013.

David Rigg, President and CEO noted, "We believe the settlement of debt with various creditors is an integral step in the repositioning of the Company. We are actively engaged in a turnaround plan for the Company which involves cleaning up our existing liabilities, remediating the Redstone and McWatters sites and completing the acquisition of the Snow Lake property."

About Liberty Mines Inc.

Liberty Mines owns two former producing nickel mines and a large prospective land package in the Shaw Dome area, a prospective nickel belt near Timmins, Ontario. Liberty Mines Inc. owns the Redstone Mill which has operated as the only nickel concentrator in this Region. The Mill was designed with two processing circuits which can operate in tandem at 1,500 tonnes per day (tpd), but with the flexibility to operate independently processing two different ore types, each at 750 tpd. In 2014, the Company intends to re-open the mill to offer toll milling services to a variety of deposits in the Timmins Camp and general area.

CAUTIONARY STATEMENTS

This document includes "forward looking statements", as defined under applicable securities laws. All statements, other than statements of historical fact, including statements regarding the impact of the debt settlement transactions, the timing of completion of the transactions, the name change, future plans and objectives of Liberty Mines, and the timing and completion of necessary financing and its consequences are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Liberty Mines' expectations are: insolvency risks; regulatory approvals; environmental risks and other risks inherent in the mining industry, as described in Liberty Mines' public filings. Forward-looking statements speak only as of the date on which they are made. Liberty does not undertake to publicly update any such statement, except where required by securities regulations. Accordingly, readers should not place undue reliance on forward-looking statements.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained here.

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Liberty Mines Enters Into Shares for Debt Agreements and Implements Name Change

Liberty Tax Service Names Chris Carroll as Vice President of Sales and Marketing

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VIRGINIA BEACH, VA--(Marketwired - Oct 23, 2013) - JTH Holding, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, announced today that Chris Carroll will assume the position of Vice President of Sales and Marketing.Mr. Carroll has over 30 years of marketing and advertising experience, including tenure with large franchisors such as Subway Restaurants, Burger King and Cosi Restaurants.Most recently, Mr. Carroll served as Executive Vice President and Chief Client Officer and Executive Group Director of Zimmerman Advertising in Florida, where he was responsible for overseeing agency operations of that company's retail division.In this position, Mr. Carroll worked with numerous clients, including several franchisors, on marketing strategies, creative development and franchisee recruitment.

"We are excited to have someone with Chris's background joining our team.His long history of working for and with franchisors will bring new ideas and innovations to expand our current marketing techniques," said John Hewitt, Chief Executive Officer."The addition of Chris completes one part of the management team expansion we announced recently, and adds someone with significant franchisor marketing capabilities to a team that is already the most experienced in the industry."

About JTH Holding, Inc.Founded in 1997 by CEO John T. Hewitt, JTH Holding, Inc. is the parent company of Liberty Tax Service.As the fastest-growing tax preparation franchise, Liberty Tax Service has prepared almost 16 million individual income tax returns.Liberty Tax Service also offers an online tax service, eSmart Tax, which enables customers to do their own taxes wherever there's a computer.eSmart Tax is backed by the tax professionals at Liberty Tax Service and its nationwide network of over 30,000 tax preparers, ready to offer their assistance at any time. For a more in-depth look at Liberty Tax Service, visit http://www.libertytax.com.

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Liberty Tax Service Names Chris Carroll as Vice President of Sales and Marketing

United Airlines Boeing 777-200ER Landing and Taxiing at Newark Liberty International Airport – HD – Video

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United Airlines Boeing 777-200ER Landing and Taxiing at Newark Liberty International Airport - HD
Don #39;t forget to subscribe! New videos DAILY! ??? A heavy! Here #39;s a United 777 landing with a head-on (kinda) view on Runway 4R, and exiting the runway to taxi to its gate!...

By: CathayA340

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United Airlines Boeing 777-200ER Landing and Taxiing at Newark Liberty International Airport - HD - Video

READER SUBMITTED: Liberty Bank Foundation Honored

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Liberty Bank Foundation has received awards from the American Bankers Association and the New England Financial Marketing Association for its initiative in marshaling financial resources to support summer youth employment, following a cut in federal funding in 2012.

. "All of the youth served by these programs are from low-income families and for many it is their first job," said Sue Murphy, executive director of the Liberty Bank Foundation. "In an environment where unemployment for youth is around fifteen percent, these programs were likely their only opportunity to get a job. We couldn't let this important service decline."

Programs successfully operated by the Middlesex Chamber of Commerce and the Eastern Workforce Investment Board in 2011 were expecting that funding cuts would reduce the number of youth served in 2012 by up to fifty percent. Summer youth programs have a high per-participant cost, which meant that no single funder could make up for the loss of federal funding.

In Middletown, $57,200 was raised in 2012 for summer employment - with more youths participating than ever before - thanks to the generosity of Centerplan Companies, the City of Middletown, the Community Foundation of Middlesex County, Guilmartin, DePiro and Sokolowski, Jackson Chevrolet, Liberty Bank Foundation, Main Street Market, Middle Oak, Middlesex United Way, New England Emporium Eatery and Marketplace, Peach Pit Foundation, Pegasus Manufacturing, and Seasons Federal Credit Union. Another $50,000 was raised in 2013.

In southeastern Connecticut, $25,000 was raised in 2012, and the figure jumped to $52,500 in 2013, each year helping to put over 420 local youths in jobs that provided much needed work experience and income. In addition to Liberty Bank Foundation, other funders included the Chamber of Commerce of Eastern Connecticut, Charter Oak Federal Credit Union, the Community Foundation of Eastern Connecticut, Dime Bank Foundation, Dominion Resources, People's United Community Foundation, and Sea Research Foundation.

"Our funders were committed to working together on this common interest. We all realize that any one of us alone is too small to move the needle, but when we bring enough resources to the table, we can make a difference," said Murphy. "They all deserve our thanks for their willingness to partner for the benefit of young people in our communities."

Encouraged by the success of their partnership to support the youth employment programs, the funders have agreed to look for additional opportunities to pool funds to solve other community concerns. "Expect to hear more good news from the collaborative next spring," said Murphy.

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READER SUBMITTED: Liberty Bank Foundation Honored

Liberty Media's John Malone addresses cable industry challenges

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Cable's toughest cowboy is saddling up again.

This year, John Malone's Colorado company, Liberty Media Corp., acquired nearly a third of the stock in Charter Communications, the nation's fourth-largest cable company.

The move came 14 years after Malone sold Tele-Communications Inc., then the largest cable company in the nation, to focus on international investments.

Since the Charter deal, Malone considered a key architect of the industry has been vocal about how cable should confront what he believes are its biggest challenges: embracing technology, emphasizing the business of broadband Internet service and controlling programming costs.

PHOTOS: 2012 highest-paid media executives

"It's almost like he feels with some justification that the industry needs him to come riding back on a white horse to make things right again," media analyst Craig Moffett of research firm MoffettNathanson said.

Cable operators have been losing customers to satellite TV, telephone companies offering video packages and lower-cost Internet streaming services. Cable executives have also been grappling with a generational shift as younger consumers have chosen the Internet over the cable box to watch TV shows and movies.

Constant battles between programmers such as CBS Corp., Viacom Inc., Walt Disney Co., and 21st Century Fox and cable operators over fees to carry their channels have taken a toll as well. The industry increasingly resembles the current political landscape where "the moderates have been driven out of business," Malone said this month at a Liberty investor conference.

Malone has said consolidation would improve cable's chances for long-term survival, bring programming costs down and help it keep pace with digital upstarts such as Netflix Inc. and Amazon.com Inc.

ON LOCATION: Where the cameras roll

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Liberty Media's John Malone addresses cable industry challenges

Liberty Q2 sales jumps 46%

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Liberty Shoes Ltd, continues to grow at a rapid pace as its sales graph has moved up tremendously.

The company, announced its half-yearly results and despite people talking about the economic slowdown Liberty, witnessed its sales reaching at Rs 216 Crore as against Rs 153 Crores achived in the corresponding period. Libertys sales in the second quarter increased by 46% and stood at Rs 108 Crore as compared to Rs 74 Crore in the corresponding Quarter ended Sep 30th 2012. The Company has also seen growth in its export which has increased substantially by 17% as against the corresponding previous years six months.

Libertys growth has been mainly due to the fact that it caters to the need of the fashion-driven and quality-seeking customers. The continous effort in providing new fashionable range and improvising on the product quality has made Liberty the prefered brand amongst todays youth. Brand endorsement by Bollywood celebtrity HRITHIK ROSHAN has given further filip. Briefing the Development, Mr. Adesh Gupta, CEO, Liberty Shoes Ltd, said, Desipte the economic slow down, it has been a milestone year for the company. Liberty has crossed the mark of Rs 215 Crores in the first six months and continues to grow at a rapid pace mainly because of the trust and faith people have shown in the home grown multi national brand. We hope to see the branded export going up as more and more countries in Gulf, Africa & Asia pacific have started showing interest in India. We hope the market conditions to improve and we expect to end the fiscal year 2014 with highest growth ever in its history. Expanding in the untapped market, new product line up and investment in technology and product innovation has helped us reach where we are today. We would like to thank all the customers who have shown immense faith in one of the oldest footwear brand of India.

Liberty caters to the need of the fashion-driven and quality-seeking customers and it has recently revamped the entire range of collection. Products like Liberty Fortune, DIVA, Senorita Strings , Gliders, Force 10 Bolt etc have created an impact in the market and are considered as the popular selling products amongst the people.

Mr Anupam Bansal, Retail Head, Liberty Shoes Ltd, said, Our strategy of introducing new range of products at a regular interval and expanding our retail footprint has earned us the image of a value for money brand. With festive season round the corner, Liberty is coming up with more trendy and vibrant footwear that will appeal to both men and women across age groups.

Liberty produces more than 50,000 pairs of footwear in a day and the range is amongst the largest in the industry, covering virtually every age group and income category from the price-conscious to the price-indifferent. Liberty is pacing up its strategy of expanding its retail stores and has added 25 new stores in the first half of 2013 to its existing kitty of over 400 exclusive showrooms and also strengthened its multi-brand outlets across India. These stores are spread across metros, tier 1 and tier 2 cities.

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Liberty Q2 sales jumps 46%

Liberty Property Trust/Synterra Partners breaks ground on new high performance headquarters for Franklin Square …

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PHILADELPHIA--(BUSINESS WIRE)--

With shovels in hand and a half-dozen of their LEED certified buildings as backdrop, executives from Liberty Property Trust/Synterra Partners today hosted a groundbreaking ceremony for their eighth high performance building in The Navy Yard, the new headquarters for Franklin Square Capital Partners at 201 Rouse Blvd.

Speaking at the ceremony, Franklin Square Founder and CEO Michael C. Forman said, We are excited to join the thriving Navy Yard community, where we feel we can create an environment for our growing and hardworking team that fosters productivity, innovation, collaboration and healthy lifestyles.

The 80,050-square-foot, Class A office building is located on 4.4 acres just south of the Courtyard by Marriott (currently under construction) and will front a newly developed 5-acre park with various recreational amenities.

This project represents the beginning of the next phase of one of the nations most successful new work environments, said Bill Hankowsky, Chief Executive Officer, Liberty Property Trust. It is fitting that we are here to begin development of an exciting workplace for such a dynamic company as Franklin Square Capital Partners.

This is the twelfth development project initiated by Liberty at The Navy Yard in just nine years, representing over 1.2 million square feet of office, industrial and hotel space. Seven of those projects, which have been LEED certified by the U.S. Green Building Council, have been developed in partnership with Synterra Partners. 201 Rouse Boulevard will mark the eighth high performance building and is designed to achieve LEED Gold certification under the Core & Shell rating system. Liberty anticipates delivering the building in the first quarter of 2015.

This is the fifth project to break ground at The Navy Yard since the release of our updated master plan earlier this year.We are thrilled to have Franklin Square join the 130 companies that already employ more than 10,000 people at The Navy Yard, said John Grady, President of PIDC. The new Franklin Square headquarters adds to the continuing development and growth of The Navy Yard, and further demonstrates the vitality and attractiveness of the campus environment created over the last decade.

From the time that Liberty and Synterra broke ground on the bakery for Tasty Baking Company in 2007, the partnership has continuously had at least one active project under construction over the last six years and that momentum continues with the start of construction on 201 Rouse Blvd.

The Navy Yards vibrant, progressive, and environmentally sustainable culture continues to attract progressive growing companies such as Franklin Square Capital Partners, said Alan Greenberger, Deputy Mayor for Economic Development for the City of Philadelphia. The continued commitment to sustainable, high quality development by Liberty Property Trust and Synterra Partners, supported by a design and construction team whom are all Philadelphia based, is a testament that Philadelphia is leading the way with world class development to support world class companies.

In addition to Liberty/Synterra, all of the major project partners are either headquartered in or have offices in Philadelphia, including DIGSAU (architect), Turner Construction (general contractor), Re:vision Architects (LEED consultants), Environetics (structural design), Pennoni Associates (site and civil design), Francis Cauffman (interior architects) and Fury Design (interior designers).

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Liberty Property Trust/Synterra Partners breaks ground on new high performance headquarters for Franklin Square ...


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