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[sharechat] LIB-1 (chatters intrest)?

From:	"Geoff Ewert" <gewert@wai.quik.co.nz>
Date:	Wed, 9 Aug 2000 07:16:25 +1200

LibertyOne Takeover Falls Through

August 8, 2000

Internet concern, LibertyOne Ltd (LIB) today issued a statement declaring the proposed takeover by CyberSentry Inc. has fallen through.

The company said: "CyberSentry, Inc. (AMEX:CYR) confirmed today that it has been unable to receive board approval for its offer for LibertyOne and consequently cannot proceed pursuant to the terms of the offer. The offer required that the LibertyOne Limited Board of Directors approve the offer prior to its distribution to shareholders."

Last week, the company said Chinese Books CyberStore was place into liquidation. LIB paid 14.5 million shares for a 25% interest in the company.

LIB is trading at 22 cent as at 1555 AEST.

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