Past year: ▼ 74%(1.75c – 6.65c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2024debt financing▼ BadMajor
Liberty Star also took a $126,000 note from 1800 Diagonal in February 2024, now structured as a fixed cash-repayment schedule with a steep 16.67% discount rather than the usual convertible terms — a costlier structure than its earlier notes from the same lender.
15 Feb 2024debt financing▼ BadMajor
Chairman Peter O'Heeron loaned Liberty Star another $210,000 in February 2024, his second insider loan in as many weeks.
30 Jan 2024debt financing▼ BadMajor
For the first time, Liberty Star turned to an insider for cash: Chairman Peter O'Heeron personally loaned the company $250,000 at 10% interest to fund ongoing exploration — a new, more direct form of insider financing alongside its outside convertible notes.
19 Jan 2024debt financing▼ Bad
Liberty Star took its largest 1800 Diagonal Lending note yet, $110,000, in January 2024, around the time it began the core drilling program announced in November.
22 Nov 2023material agreement▲ GoodMajor
After years of geoscience work, Liberty Star finally contracted NISS Drilling Services to physically drill both its Red Rock Canyon gold prospect and the adjacent Hay Mountain Target 1 copper zone — about 250 feet per hole at each — marking the company's first real drill test of properties it had spent years mapping and sampling.
15 Nov 2023capital raising announcement▼ BadMajor
Pete O'Heeron alone bought 250,000 Class A super-voting shares back out of treasury for $9,525, consolidating control of the Class A voting bloc in his own hands rather than splitting it evenly with Gross.
25 Sept 2023capital raising announcement▼ BadMajor
Issued 398,000 more Class A super-voting shares to Gross and O'Heeron (199,000 each) for a token $19,502, bringing total Class A shares to 500,000 and their combined voting power to 100 million votes -- continuing the control-entrenchment mechanism first used in 2020, though at a much smaller Class A share count than that original 51-million-share issuance implied should exist by now.
29 Mar 2023debt financing▼ Bad
Liberty Star took a fifth 1800 Diagonal Lending note, $48,625, in March 2023, its financing pattern essentially unchanged for the past year.
7 Feb 2023debt financing▼ Bad
Liberty Star took a fourth 1800 Diagonal Lending note, $48,675, in February 2023, keeping the same pace of financing into the new year.
9 Dec 2022debt financing▼ Bad
Liberty Star took a third 1800 Diagonal Lending note, $51,108, in November 2022, continuing its now near-monthly reliance on that lender.
6 Oct 2022debt financing▼ Bad
Liberty Star took a second, identical $45,138 note from 1800 Diagonal Lending in September 2022, which has quickly become its most frequent lender.
22 July 2022debt financing▼ Bad
Liberty Star added 1800 Diagonal Lending as a new convertible-note lender, borrowing $45,138 in July 2022 — another name added to its rotating cast of small noteholders.
2 May 2022debt financing▼ Bad
Liberty Star took a fourth Sixth Street Lending note, $71,500, in April 2022, now maturing three years out in 2025 rather than the usual one-year term.
27 Apr 2022other material event▲ GoodMajor
Liberty Star settled a lawsuit brought by its former CEO James Briscoe: he dropped all claims (including for back wages and credit card debt) and returned company vehicles and property, while Liberty Star reinstated his old stock options and agreed to pay him under $30,000 in installments — a resolution management called favorable given the debt and property recovered.
14 Feb 2022debt financing▼ Bad
Liberty Star took a third Sixth Street Lending note, $74,800, in February 2022, its largest from that lender yet.
11 Jan 2022capital raising announcement● NeutralMajor
CEO Brett Gross and Chairman Pete O'Heeron converted a combined $626,187 of the personal shareholder advances and loans they had made to the company into stock and warrants (units at $0.269/share) -- clear evidence the two officers had been substantially self-funding the company well before the officer-loan pattern already on record starting January 2024.
29 Dec 2021debt financing▼ Bad
Liberty Star took a second $55,000 note from Sixth Street Lending in December 2021, its financing needs continuing month over month.
23 Nov 2021debt financing▼ Bad
Liberty Star took a $60,500 convertible note from new lender Sixth Street Lending, on the same 8%-plus-10%-OID terms as its other recent notes.
15 Oct 2021debt financing▼ Bad
Liberty Star added Geneva Roth Remark Holdings as a new convertible-note lender, borrowing $69,300 at 8% with a 10% original issue discount — another new name in its rotating roster of small note lenders.
25 Aug 2021material agreement● NeutralMajor
Liberty Star lined up a new $1 million equity purchase agreement plus a $1 million warrant with Triton Funds, giving it another dilutive-but-optional source of cash to draw on alongside its convertible notes.
25 Aug 2021auditor change▼ Bad
Liberty Star dismissed MaloneBailey and hired Turner, Stone & Company as its new auditor; MaloneBailey's prior reports had flagged both going-concern doubt and material weaknesses in the company's internal controls, both still unresolved at the time of the switch.
1 June 2021drilling result▲ GoodMajor
Fresh surface rock samples at Red Rock Canyon assayed as high as 2.18 ounces per ton gold, reinforcing the historic drill results highlighted in last month's technical report and adding weight to the case for new drilling there.
21 May 2021drilling result▲ GoodMajor
An independent technical report on Liberty Star's Red Rock Canyon gold property — a target carved out of Hay Mountain after jasperoid outcrops showed strong gold values — found that 12 of 17 historic drill intercepts graded above cutoff, up to 5.66 grams per ton, and recommended new drilling to expand the discovery, marking the emergence of gold (not just copper) as a real target within Hay Mountain.
17 May 2021debt financing▼ Bad
Liberty Star took a second $53,000 convertible note from Redstart Holding Corp in May 2021, its pattern of frequent small notes continuing.
28 Apr 2021debt financing▼ Bad
Liberty Star took a $63,000 convertible note from its new noteholder Redstart Holding Corp, extending the lending relationship that began when Redstart bought the company's Power Up note earlier in the year.
19 Feb 2021material agreement▲ Good
Liberty Star received a $32,497 second-round Paycheck Protection Program loan, which it intends to apply to have fully forgiven — pandemic relief funding rather than a new financing source.
4 Feb 2021drilling result▲ Good
Liberty Star secured five new state mineral exploration permits and renewed thirteen others at Hay Mountain, and finished required assessment work including rock-chip sampling and XRF mapping across several sub-areas including Red Rock Canyon — regulatory and fieldwork progress keeping the Hay Mountain land package intact and moving toward drill-readiness.
15 Jan 2021material agreement● Neutral
Power Up Lending Group sold Liberty Star's October 2020 note — then worth about $95,000 with accrued interest — to Redstart Holdings Corp., introducing a new noteholder without changing the underlying debt.
27 Oct 2020debt financing▼ Bad
Liberty Star took its largest Power Up Lending Group note yet, $93,500, in October 2020 — a bigger draw than its typical $40,000–$55,000 notes.
2 July 2020capital raising announcement▼ BadMajor
In a major control-entrenchment move, issued 51 million shares of new super-voting 'Class A Common Stock' -- 200 votes per share -- to two directors, Brett Gross and Pete O'Heeron, for a token $49,062 paid by offsetting existing company advances; the resulting 10.2 billion Class A votes outweighed the roughly 4.8 billion ordinary shares then outstanding, handing the two directors effective voting control of the company.
