Liberty Star Uranium & Metals to conduct $8 million placement of stock

Tangiers Investment Group buys 150% of average daily volume of stock

By Devika Patel

Knoxville, Tenn., June 30 – Liberty Star Uranium & Metals Corp. negotiated an $8 million private placement of stock with Tangiers Investment Group, LLC on June 20, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The amount of shares to be sold will be equivalent to 150% of the average daily volume of the stock for the 10 trading days preceding settlement. The shares will be sold in tranches of at least $5,000 to a maximum of $100,000.

Based in Tucson, Liberty Star is a uranium exploration company.

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