17 Apr 2013capital raising announcement● NeutralMajor
In April 2013 Liberty arranged two new funding sources: a Petro Fund 1 agreement to provide up to $3,650,000 until April 11, 2016, repaid in shares priced at 95% of the recent average price (minimum $0.05), and an $32,500 8% convertible note from Asher Enterprises due January 15, 2014, convertible at 61% of market price after 180 days. Both are repaid in or convertible into shares at a discount, so could dilute existing holders (an inference).