Units of shares and warrants sold at $0.0333 apiece to single investor
By Devika Patel
Knoxville, Tenn., July 30 - Liberty Star Uranium & Metals Corp. completed a $50,000 private placement of units with a single investor on July 23, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 1,501,502 units of one common share and one warrant at $0.0333 per unit.
Each of the warrants is exercisable at $0.0466 until July 23, 2015. The strike price is a 16.5% premium to $0.04, the July 27 closing share price.
Located in Tucson, Liberty Star is a uranium exploration company.
| Issuer: | Liberty Star Uranium & Metals Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $50,000
|
| Units: | 1,501,502
|
| Price: | $0.0333
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | July 23, 2015
|
| Warrant strike price: | $0.0466
|
| Announcement date: | July 30
|
| Settlement date: | July 23
|
| Stock symbol: | OTCBB: LBSR
|
| Stock price: | $0.04 at close July 27
|
| Market capitalization: | $21.14 million
|
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