Liberty Star Uranium & Metals Corp.

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Message: Form 8-k $100K in Promissory Notes Issued to JSJ

Interesting, maybe Liberty is not going to be using the Put financing?.....for Lights-On needs? If the puts stop being issued, the stock price shouldn't be taking a hit every time millions of shares are dumped/put into the market....allowing share pps to rise without the dumping. Appears also to be much better financing terms than the Put financing.

 

Or maybe this is our future JV partner?...

 

http://ih.advfn.com/p.php?pid=nmona&article=76174735

Item 1.01. Entry into a Material Definitive Agreement.

 

On October 18, 2017, Liberty Star Uranium & Metals Corp. (the “Company”) issued a convertible promissory note (the “October Note”) to JSJ Investments Inc. (“JSJ”) in the principal amount of $50,000. The October Note bears interest at 12% per annum and matures on October 18, 2018. Pursuant to Section 2 of the October Note, the outstanding principal and accrued interest on the October Note shall be convertible into shares of the Company’s common stock as set forth therein.

 

On November 20, 2017, the Company issued a convertible promissory note (the “November Note”) to JSJ in the principal amount of $50,000. The November Note bears interest at 12% per annum and matures on November 20, 2018. Pursuant to Section 2 of the November Note, the outstanding principal and accrued interest on the November Note shall be convertible into shares of the Company’s common stock as set forth therein.

 

The foregoing descriptions of the October Note and the November Note and of all of the parties’ rights and obligations thereunder are qualified in their entirety by reference to the October Note and the November Note, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K, and which are 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.

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