Warrant strike price is 37% premium to company's May 24 share price
By Susanna Moon
Chicago, June 1 - Liberty Star Uranium & Metals Corp. completed a private placement of units to one investor for $50,004 on May 25, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 1,852,000 units of one share and one non-transferable warrant at $0.027 each.
Warrants are exercisable at $0.0274 until May 25, 2015. The strike price is a 37% premium to the company's closing price on May 24.
Liberty Star is a uranium and metals exploration company based in Tucson.
| Issuer: | Liberty Star Uranium & Metals Corp.
|
| Issue: | Units of one share and one non-transferable warrant
|
| Amount: | $50,004
|
| Units: | 1,852,000
|
| Price: | $0.027
|
| Warrants: | One per share
|
| Warrant strike price: | $0.0274
|
| Warrant expiration: | May 25, 2015
|
| Settlement date: | May 25
|
| Stock symbol: | OTCBB: LBSR
|
| Stock price: | $0.02 at close May 24
|
| Market capitalization: | $11.93 million
|
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