Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive
Agreement.
On April 10, 2017, 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
January 10, 2018. to Section 2 of the Note, the outstanding
principal and accrued interest on the Note shall be convertible
into shares of the Companys 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.
| Exhibit No. | Description | |
| 10.1 |
12% Convertible Promissory Note issued to JSJ Investments Inc. dated April 10, 2017. |
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. Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) Recent Trading Information
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) closed its last trading session up +0.00010 at 0.00190 with 269,881 shares trading hands.