Canadian-based Liberty Mines has announced that its mines must be placed on care-and-maintenance. The decision affects both the Redstone and McWatters nickel mines near Timmins, Ontario, Canada. The Redstone concentrator is also affected. The move was necessitated by the failure of Liberty’s financing announced at the end of September 2008. The company now seeks near-term financing in order to fund its intended restructuring and interim operations. It is also seeking partners or a business combination. Meanwhile, Liberty is completing technical reports on the Redstone and McWatters properties as required by the securities commissions of British Columbia and Alberta.