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Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) reported on Wednesday that it has entered into a private placement subscription agreement with its Chairman of the Board, Pete O’Heeron, to issue a total of 3,190,718 shares of common stock at a discounted price. The transaction, which took place on May 27, 2025, involved the sale of common stock at $0.0742 per share, amounting to a total consideration of $236,868.49.
This private placement includes an additional half warrant for each share, which can be exercised at the offering price for 36 months following the closing date. The shares were sold at a 10% discount to the market price as an incentive for the investment.
The sale of these securities was conducted in reliance on exemptions from registration under the Securities Act of 1933, specifically Section 4(2) and/or Regulation D.
Liberty Star Uranium & Metals Corp., based in Tucson, Arizona, is a metal mining company incorporated in Nevada. The company’s business address and principal executive offices are located at 2 East Congress St., Ste 900, Tucson, AZ 85701, and its shares are traded on the OTCQB marketplace under the trading symbol LBSR.
The company’s financial statements and exhibits related to this current report are available as part of the Form 8-K filed with the Securities and Exchange Commission. This includes an interactive data file for the cover page, which is embedded within the Inline XBRL document.
This information is based on a press release statement.
In other recent news, Liberty Star Uranium & Metals Corp. has made significant financial moves to bolster its operations. The company secured an $89,650 convertible promissory note through a Securities Purchase Agreement with 1800 Diagonal Lending LLC. This note, carrying an 8% interest rate, is set to mature on February 15, 2026, and can be converted into shares of Liberty Star’s common stock, potentially impacting shareholder equity. Additionally, Liberty Star finalized a private placement of over 3 million shares to Pete O’Heeron, a key executive, totaling $277,260.27. The shares were sold at a 10% discount to the market price, each unit including one share of common stock and a half warrant. This private placement was conducted under Section 4(2) of the Securities Act of 1933 and/or Regulation D, allowing the company to raise capital efficiently without a public offering. Both financial strategies are part of Liberty Star’s ongoing efforts to manage its capital structure and finance its operations. These developments reflect the company’s strategic approach to securing necessary funding while maintaining control over its financial obligations.
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