UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 1, 2010
First Liberty Power Corp.
(Exact name of registrant as specified in its charter)
Nevada 333-147323 45-0560329
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
114 West Magnolia St., #400 - 136, Bellingham, WA 98225
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 990-8402
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
Effective March 1, 2010, we entered into a consulting agreement with John Rud,
wherein John Rud has agreed to provide, among other things, consulting services
to our company for a period of 12 months. In consideration for agreeing to
provide such consulting services, we have agreed to issue to John Rud 250,000
shares of our common stock.
Effective March 11, 2010, we issued 720,000 units in a private placement,
raising gross proceeds of $360,000, or $0.50 per unit. Each unit consists of one
common share in the capital of our company and one common share purchase
warrant. Each whole common share purchase warrant shall entitle the holder
thereof to purchase one share of common stock in the capital of our company, for
a period of twelve months commencing from closing, at a purchase price of $0.50
per warrant share. We issued the securities to one non-U.S. person (as that term
is defined in Regulation S of the Securities Act of 1933) in an offshore
transaction relying on Regulation S and/or Section 4(2) of the Securities Act of
1933.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On March 1, 2010, we appointed John Rud as vice president of exploration of our
company.
JOHN RUD, VICE PRESIDENT OF EXPLORATION
John Rud has amassed over 50 years of experience in identifying, exploring and
processing a wide variety of mineral deposits. Mr. Rud holds a Bachelor of
Science degree and a Master of Science degree in Geology from the University of
Oregon. For the past five years, he has concentrated on uranium properties and
production. His lifelong experience in all aspects of putting mining properties
in production makes him a unique Company resource.
Formerly employed at AZCO Mica, Inc., where he served as a marketing director,
Mr. Rud was responsible for the design and construction of a wet-ground mica
plant. Along with hiring all personnel and contractors, he oversaw equipment
procurement and supervised all corporate marketing activities.
Mr. Rud is also the former president and director of Gentry Steel Inc., a
position that required him to govern day-to-day operations of the public listed
company. The corporation is presently completing the mine permitting, the
purchasing of land for the processing plant, and procuring the mining and
processing equipment for a 30-million pound per year high-grade iron oxide
pigment operation. A brief summary of Mr. Rud's recent mine development
experience is as follows:
* Marketing Director (AZCO Mica, Inc.) Responsible for the design and
construction of a wet ground mica plant. Hired all personnel and
contractors. Procurement of equipment. Supervised all marketing
activities regarding the wet ground mica product. Mill currently in
operation and producing a wet ground mica product.
* President/Director (Gentry Steel Inc.) Responsible for managing the
day-to-day operations of the public company. Company is presently
completing the mine permitting, purchasing land for the processing
plant, and procuring the mining and processing equipment for a 30
million pound per year high-grade iron oxide pigment operation.
* President/Geologist (Aimco Consolidated) Supervised geological mapping
of the Gentry Iron Ore Deposit. Supervised Core drilling program to
delineated ore reserves. Completed a feasibility program to determine
the economic merits of the iron ore deposit.
* Geologist Located and evaluated a porphyry copper deposit in the
Picacho Mountain, Pinal County, AZ. Leased property to Cyprus Metals
Corporation.
* Geological Consultant Designed and constructed a 24 TPD portable
column flotation plant. The portable plant was equipped with fine ore
feeder, grinding circuit, computer controlled flotation column, drying
and bagging facilities.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRST LIBERTY POWER CORP.
/s/ Glyn R. Garner
- -----------------------------------
Glyn R. Garner
President and Director
Date: March 15, 2010
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