Bruce Reid Announces Voting Control and Options on Common Shares of Liberty Silver Corp.

TORONTO, ONTARIO, May 19, 2017 (Marketwired via COMTEX) — TORONTO, ONTARIO–(Marketwired – May 19, 2017) – Bruce Reid (“Reid”) announces that effective May 18, 2017 he entered into a Voting Agreement with BG Capital Group Ltd. (“BGCG”) and Robert Genovese, whereby Reid was granted the right to vote 10,831,466 common shares of the Liberty Silver Corp. (“Liberty Silver”) (such number of common shares to be adjusted from time to time to represent the number of shares held directly or indirectly by BGCG and its associates in excess of ten 10% of the outstanding common shares of the Liberty Silver). The Voting Agreement was entered into at the request of the Canadian Securities Exchange in anticipation of Liberty Silver’s shares becoming listed for trading on that exchange and expires after two years or the de-listing of Liberty Silver’s shares from the Canadian Securities Exchange, whichever first occurs.

Reid also entered into an Option Agreement with BGCG pursuant to which he acquired an option to purchase, on certain terms and conditions, 2,000,000 common shares of Liberty Silver (the “Optioned Shares”) at a price of $1.00 per share in conjunction with but no later than 30 days after the occurrence of a change of control or, if a change of control does not occur by May 1, 2023, exercisable without a change of control after May 1, 2013 until May 1, 2024. Option agreements on substantially identical terms were entered into by BGCG with the other two directors of Liberty Silver, Howard Crosby and John Ryan, in respect of 1,000,000 Common Shares each.

In connection with these agreements, Reid entered into a Standstill Agreement with BGCG, Liberty Silver and two other directors and senior officers of Liberty Silver whereby BGCG agreed (a) to give Reid the right to vote the Optioned Shares throughout the term of the Option Agreement, (b) not to vote any of its shares against any resolutions put before the shareholders by or…

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