New OTCBB Listing: Liberty Coal Energy
August 31, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — Liberty Coal Energy Corp. (LBTG.OB), a precious metal/mineral acquisition, exploration and development company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 20, trading in units of 100.
From Liberty Coal Energy’s August 16, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:
“We are a precious metal/mineral acquisition, exploration and development company, formed in Nevada on August 31, 2007. At the time of our incorporation, we were incorporated under the name 'ESL Teachers Inc.' and our original business plan was to develop and sell online employment services specifically for both ESL Teachers and the ESL operations seeking to hire them worldwide. On March 15, 2010, we changed our name to Liberty Coal Energy Corp. by way of a merger with our wholly owned subsidiary, Liberty Coal Energy Corp. that was formed solely for the purpose of changing our name. In addition to the name change, we changed our intended business purpose to that of precious metal mineral exploration, development and production. Further, effective March 15, 2010, we effected a 30 for 1 forward stock split of our issued and outstanding common stock. As a result, our authorized capital increased from 50,000,000 shares of common stock, $0.001 par value per share, to 1,500,000,000 shares of common stock, $0.001 par value per share. Unless specifically stated otherwise, all share amounts referenced herein, will refer to post-forward stock split-share amounts.”
Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).
The OTC Bulletin Board (OTCBB) provides access to more than 3,300 securities. The OTCBB is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, American Depositary Receipts (ADRs), and Direct Participation Programs (DPPs).
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