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Category Archives: Liberty

Liberty asking for road levy in November

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LIBERTY TOWNSHIP, Ohio - Township trustees aretelling residents that passage of a road levy in November is imperative to making roads smooth and driveable.

"If we don't [pass it], they have to realize we won't be paving roads," says trustee chairwoman Jodi Stoyak.

A similar levy failed two years ago, but now Stoyak says the township is working with significantly less money after reductions in revenue from the state and in thelocal government fund, a personal property tax that has been eliminated, and a state tax that will be eliminated.

She saysthe road department has beenpatching up the township's 60 miles of road, but it's only a temporary fix.

Theonly four roads that have been paved recently were done so through grant money that required matching funds. Stoyak says the general fund doesn't have the money to allow thetownship to get those kind of grants again.

At $1,000 a mile to pave the roads, Stoyak says the levy needs to bepassed if the residents want the roads paved.

The road levywill appear on the Nov. 5 ballot for township voters and, if passed, remain in effect for 5 years.

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Liberty asking for road levy in November

Liberty Silver borrowing money from ‘Bobby G’

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With its finances on the brink of collapse, management at Liberty Silver Corp. have elected to take money from the last person they wanted to do business with.

The Toronto-based junior miner announced it is borrowing US$1-million from BG Capital, a firm controlled by penny stock promoter and former reality television star Bobby Genovese (better known as Bobby G).

It is a sharp reversal of strategy for Libertys board and management, which have been trying to distance themselves from Mr. Genovese ever since a stock trading scandal in 2012.

Last October, regulators in both Canada and the United States halted Liberty shares for two weeks after they soared to astronomical highs in a very short time. The move happened right after Liberty was heavily promoted by Mr. Genovese and a group of newsletter writers. It was later revealed that companies tied to Mr. Genovese sold more than eight million Liberty shares between the start of the promotional campaign and the trading halt, netting a large profit.

At last Decembers annual meeting, Libertys board and senior management maintained that they wanted nothing to do with Mr. Genovese as they tried to focus on the Trinity silver project in Nevada.

We are keeping ourselves very separate and apart from Mr. Genovese. So he has no influence on our company and is not a part of our financing plans, chairman Tim Unwin told the Financial Post at the meeting.

They have elected to do this deal with him because they had no other choice if they wanted to keep the lights on.

In an interview on Monday, Mr. Unwin said the company has been in contact with several potential long-term funders, but needed to raise some money right away to stay afloat while those talks continue. Mr. Genovese offered this short-term facility and Liberty saw no option but to take it.

Thats the real world and thats what we have to do, he said, adding that it should keep the company going for the next 18 months. He also said regulators know about the transaction.

Libertys latest set of financial statements confirm that it is in dire financial position. Its cash position was down to $23,925 at the end of June, while accounts payable totaled $867,952. The loan from BG Capital includes an immediate advance of US$50,000 that is badly needed.

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Liberty Silver borrowing money from ‘Bobby G’

Liberty Mutual pulls out of Legends

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SAVANNAH, GA (WTOC) - Liberty Mutual Insurance, the longest running sponsor in professional golf and the title sponsor of Savannah's Champions Tour event for the last 11 years, has cut ties with the Legends of Golf. Pro golf's future in Savannah in jeopardy

Liberty Mutual senior vice president Paul Alexander has confirmed that the company's decision to leave golf after 35 years, a result of Liberty Mutual's new sponsorship ventures with the Olympic Games and the FIFA World Cup.

How the decision affects the future of professional golf remains unclear.

The Legends has been played at The Club at Savannah Harbor since 2003. Westin Savannah Harbor Resort general manager Mark Spadoni continues to be in discussions with the Champions Tour, which does not presently have a replacement sponsor or location for the Legends.

"We are in the process of working with the Tour to come up with a plan to keep the Legends going in Savannah,'' said Spadoni, who was returning from the Presidents Cup in Dublin, Ohio. "We are still very interested in having an event and the Tour continues to express an interest in having an event in Savannah and in finding a sponsor.''

The 2014 PGA Tour schedule has been out for a month, but next year's Champions Tour schedule has still not been released.

Dates and locations of tournaments will almost certainly be announced by the time the Charles Schwab Cup Championship is played Oct. 31-Nov. 3.

"We're being patient and we hope to come up with a solution,'' said Spadoni.

Alexander, meanwhile, said the decision to leave golf and Savannah was a difficult one.

"For 30-plus years, we've been very grateful to have our name linked to the greatest names in golf,'' said Alexander. "we've said thank you to the golfers for making the tournament successful and we also thank the Westin, the volunteers, the business community and the golf community in Savannah for supporting us for 11 years and making it a great event.''

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Liberty Mutual pulls out of Legends

Shutdown denies sick girl her Statue of Liberty dream

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A Kentucky teen with a deadly illness came to the city to fulfill a lifelong dream: to climb the steps of the Statue of Liberty.

But Morgan Jones, who is also legally blind, was turned away thanks to the government shutdown caused by Congress.

Now the 14-year-old will return home to Ashland Sunday without having stepped foot on Liberty Island. Her family says she may never get the chance to visit again.

Shes heartbroken. Her whole dream was to climb up the 354 steps to the crown, said her mother, April Keelin.

Jones was born with glutaric acidemia Type 2, a disease that impairs the bodys ability to break down fat and protein. She must eat every three hours or risk a brain hemorrhage. Only 50 people in the world are said to have the disease.

Her city trip was paid for by the Lexington Dream Factory, a charity that fulfills sick kids wishes.

Given the chance to go anywhere in the country, Morgan chose her favorite monument. Her journey was featured in Ashlands Daily Independent newspaper.

But it was arranged long before the feds put Lady Liberty and all other national parks on lockdown Tuesday in the shutdown.

Keelin, a music teacher, said that they cant afford to return and that Morgan may not ever be well enough to come back.

We dont know if wed ever get back to do this for her again, the mother said.

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Shutdown denies sick girl her Statue of Liberty dream


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