30 Jan 2020debt financing▼ Bad
Liberty Star took a $39,600 convertible note from Power Up Lending Group in January 2020, its smallest Power Up draw yet.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2019debt financing▼ Bad
Liberty Star took a $47,300 convertible note from Power Up Lending Group in October 2019, its financing needs continuing even as exploration ramped up at Hay Mountain.
17 Oct 2019debt financing● NeutralMajor
Liberty Star disclosed that its CEO personally paid about $40,000 for a portable elemental analyzer, to be reimbursed when funds allow. It also reported hiring Geotech to update 2013 Hay Mountain ZTEM data, finishing assessment work on Hay Mountain North, and setting up Earp Ridge Mines LLC.
22 Aug 2019debt financing▼ Bad
Liberty Star took a larger $77,000 convertible note from Power Up Lending Group in August 2019, with a 10% original issue discount added on top of its usual terms.
21 May 2019debt financing▼ Bad
Liberty Star drew another $53,000 note from Power Up Lending Group in May 2019, continuing the same small-note financing pattern.
16 Apr 2019debt financing▼ Bad
Liberty Star took another $53,000 convertible note from Power Up Lending Group in April 2019, its financing pattern unchanged nearly a year later.
26 July 2018debt financing▼ Bad
Liberty Star returned to JSJ Investments for a fresh $50,000 convertible note in July 2018, rotating between JSJ and Power Up as its two main small-note lenders.
5 June 2018debt financing▼ Bad
Liberty Star took a further $43,000 convertible note from Power Up Lending Group in May 2018, the fourth in its ongoing string of Power Up financings.
2 May 2018debt financing▼ Bad
Liberty Star borrowed $43,000 more from Power Up Lending Group in April 2018, its third note from that lender in three months.
5 Apr 2018debt financing▼ Bad
Liberty Star took another $53,000 convertible note from Power Up Lending Group in March 2018, continuing its roughly monthly cadence of small note draws.
1 Mar 2018debt financing▼ Bad
Liberty Star drew a new $53,000 convertible note from Power Up Lending Group, its second financing from that lender.
26 Jan 2018debt financing▼ Bad
Liberty Star opened 2018 with another $50,000 convertible note from JSJ Investments on the same 12% terms as its 2017 notes.
27 Dec 2017debt financing▼ Bad
Liberty Star borrowed another $50,000 from JSJ Investments in December, its fifth JSJ note of 2017.
27 Nov 2017debt financing▼ Bad
Liberty Star took two more $50,000 convertible notes from JSJ Investments in October and November, keeping up its now-monthly pace of small note financings.
21 Sept 2017debt financing▼ Bad
Liberty Star added Power Up Lending Group as a new convertible-note lender, borrowing $43,000 at 8% interest — its financing now spread across multiple small lenders rather than any single larger facility.
1 Aug 2017debt financing▼ Bad
Liberty Star borrowed another $50,000 from JSJ Investments on the same 12% convertible terms as its April note, continuing its reliance on small, frequent convertible-note draws to fund operations.
26 June 2017capital raising announcement▼ Bad
Borrowed $53,000 on an 8% convertible note maturing June 2018, convertible from six months out at a 35% discount to the average of the five lowest volume-weighted average prices. The 8-K says only 'one lender'; the note filed as an exhibit names Power Up Lending Group Ltd.
18 Apr 2017debt financing▼ Bad
Liberty Star took a second small convertible note, $50,000 at 12% interest from JSJ Investments, adding a new lender to its rotating cast of toxic-note financiers.
9 Feb 2017debt financing▼ BadMajor
Liberty Star issued a $110,000 convertible note to Tangiers Investment Group at 12% interest, with $33,000 funded initially and a further $77,000 added by Amendment #1 in February 2017. Amendment #2 reset conversion to 60% of the lowest trading price over 20 days and removed a right of first refusal.
3 June 2016capital raising announcement● Neutral
Announced intent to conduct a new private placement, without disclosing size or terms in this filing.
7 Jan 2016capital raising announcement▼ Bad
Issued a $50,000, 12% convertible note to JSJ Investments, convertible at a 45% discount to the second-lowest recent trading price -- a smaller, tighter-terms repeat of JSJ's 2014 note.
15 Dec 2015listing compliance notice▼ Bad
LIBERTY STAR URANIUM & METALS CORP. withdrew a registration statement, abandoning the offering it covered.
8 Dec 2015capital raising announcement▼ BadMajor
Entered into a $500,000 convertible note with an unnamed institutional investor, with a $50,000 original issue discount and conversion priced at a 30% discount to the three lowest closing prices in the prior 20 trading days -- among the largest single notes since the 2008-09 program.
30 June 2015material agreement termination● Neutral
Liberty Star replaced its December 2014 Tangiers equity line with a new one on similar $8 million terms, conditioned this time on shareholders approving an increase in authorized shares — a refresh rather than a real change in strategy.
11 May 2015listing compliance notice▼ Bad
LIBERTY STAR URANIUM & METALS CORP. withdrew a registration statement, abandoning the offering it covered.
19 Dec 2014material agreement● NeutralMajor
Liberty Star signed up for a new equity line, letting Tangiers Investment Group buy up to $8 million of its stock in small monthly draws (capped at $100,000/month) — another dilutive financing option layered on top of its existing convertible-note debt.
15 Dec 2014capital raising announcement▼ BadMajor
Borrowed $210,000 from Tangiers Capital, and separately consented to GCA Strategic Investment Fund's assignment of the November 2013 note (still owing $250,000) to an affiliated entity, Tangiers Investment Group, extending its maturity to November 2015 -- Tangiers now held both a new and an assigned note.
20 Oct 2014capital raising announcement▼ Bad
Borrowed $105,000 more on a 10% convertible note, with a $5,000 original issue discount, due October 2015 and convertible after 180 days at a 40% discount to the five-day volume-weighted average price, capped at 4.99% ownership. The 8-K says only 'one lender'; the note filed as an exhibit names WHC Capital, LLC.
2 Sept 2014capital raising announcement▼ BadMajor
Borrowed $150,000 from JSJ Investments via a 12% convertible note, convertible at a 45% discount to VWAP with a 140-150% prepayment premium -- JSJ's first appearance as a lender, well before the 2017 date already on record for this relationship.
12 May 2014material agreement▲ GoodMajor
Liberty Star and Northern Dynasty finally settled all remaining claims under their 2010 loan and mining-claims-sale agreement, closing out the multi-year Big Chunk financing saga with no further obligations on either side.