Jilin Jien Nickel Industry Co., Ltd. Announces Conversion of Preferred Shares in Liberty Mines Inc.

Jilin Jien Nickel Industry Co., Ltd. reports it has converted 38,098,908 series A preferred shares of Liberty Mines Inc. (TSX:LBE) into common shares.

The press release is quoted as saying,

The common shares were acquired for investment purposes and in furtherance of JJNICL’s interest in acquiring nickel concentrate produced by Liberty. JJNICL may, from time to time, (i) purchase or otherwise acquire additional common shares, or other securities of Liberty in the open market, in privately negotiated transactions or otherwise or (ii) sell, transfer or otherwise dispose of common shares, or other securities of Liberty, in the open market, in privately negotiated transactions or otherwise.

For the complete press release, click here.