LOVELOCK - Federal regulators suspended trading last week of a mining exploration company's securities, warning investors that they don't have enough information about the developer of the Trinity silver project.
The U.S. Securities and Exchange Commission (SEC) issued the temporary order due to a lack of current and accurate details regarding the control and trading of Liberty Silver Corporation's stock, as well as its market price.
"The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of (the company)," the Oct. 5 order says.
Liberty Silver acknowledges that the order is in effect through Oct. 18. But the Toronto company says it believes it's in compliance with the applicable disclosure and regulatory requirements.
Right now, Liberty Silver says it's reviewing the matter, and will work closely and cooperatively with federal regulators to resolve the issue for the benefit of its shareholders.
Liberty's flagship Trinity Project is located about 23 miles northwest of Lovelock.
The exploration-stage property has been inactive for more than two decades. But in the late 1980s, former mine operator U.S. Borax produced an estimated 5 million ounces of silver through heap leach methods.
For more information, go to: www.sec.gov.
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