Deal sells units of one common share, half-share three-year warrant
By Devika Patel
Knoxville, Tenn., June 3 – Liberty Star Uranium & Metals Corp. said it arranged a $2 million private placement of units.
The company will sell units of one common share and a half-share warrant at $0.004 per unit.
The whole warrants are each exercisable at $0.004 for three years.
Proceeds will be used for Phase 1 of the Hay Mountain Project.
Based in Tucson, Ariz., Liberty Star is a uranium exploration company.
| Issuer: | Liberty Star Uranium & Metals Corp.
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| Issue: | Units one common share and a half-share warrant
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| Amount: | $2 million
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| Price: | $0.004
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | $0.004
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| Settlement date: | June 3
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| Stock symbol: | OTCBB: LBSR
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| Market capitalization: | $4.24 million
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