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Livesey has impressed during his time at Meadow Lane, but is currently struggling to dislodge the first choice pairing of Fenton & Barras.
Livesey will now be available for Notts' three league games in this month, against Port Vale, Brighton and Oldham Athletic.
However, Livesey is unavailable to play in this Sunday's home FA Cup game vs Shildon because Bolton don't want him cup tied.