Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On July 19, 2018 Liberty Star Uranium & Metals Corp. (the “Company”) issued a convertible promissory note (the “Note”) to JSJ Investments Inc. (“JSJ”) in the principal amount of $50,000 plus 12% interest. The Note bears interest at 12% and matures on July 19, 2019. to Section 2 of the Note, the outstanding principal and accrued interest on the Note shall be convertible into shares of the Company’s common stock as set forth therein.
The foregoing descriptions of the Note and of all of the parties’ rights and obligations under the Note are qualified in its entirety by reference to the Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and of which is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
The exhibits listed in the following Exhibit Index are furnished as part of this Current Report on Form 8-K.
LIBERTY STAR URANIUM & METALS CORP. ExhibitEX-10.1 2 ex10-1.htm NEITHER THIS NOTE NOR THE SECURITIES THAT MAY BE ISSUED BY THE COMPANY UPON CONVERSION HEREOF (COLLECTIVELY,…To view the full exhibit click here
About Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR)
Liberty Star Uranium & Metals Corp. is an exploration-stage company engaged in the acquisition and exploration of mineral properties in the States of Arizona and Alaska. The Company’s subsidiary, Big Chunk Corp., is engaged in the acquisition and exploration of mineral properties business in the State of Alaska. The Company’s subsidiary, Hay Mountain Super Project LLC (HMSP), serves as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. The Company has not generated any revenues. The Company’s projects include North Pipes Super Project (North Pipes and NPSP), Big Chunk Super Project (Big Chunk), Tombstone Super Project (Tombstone) and East Silver Bell Porphyry Copper Project (East Silver Bell). The NPSP is located in Northern Arizona on the Arizona Strip. The Tombstone is located in Cochise County, Arizona. East Silver Bell Porphyry Copper Project is located northwest of Tucson, Arizona.