Each one in plain English, with the numbers worked through for a shareholder.
5 June 2025debt financing▼ Bad
Liberty Star borrowed another $73,700 from 1800 Diagonal, receiving $67,000 after the 10% upfront discount and paying 8% interest; from late November the lender may take shares instead of cash at 25% below market, so the real cost lands on existing shareholders as dilution - the same pattern as its earlier notes.
Liberty Star took an $89,650 convertible note from 1800 Diagonal Lending in April 2025, continuing its dependence on that lender even as insider advances also kept flowing.
Liberty Star took a $61,600 convertible note from 1800 Diagonal Lending in March 2025, back to standard convertible terms after several months of the costlier fixed-repayment notes.
4 Mar 2025capital raising announcement● NeutralMajor
Chairman Pete O'Heeron personally bought $277,260 of common stock and warrants at $0.09/share (a 10% discount to market) -- officer cash is now directly funding operations via ordinary stock purchases, not just loans or Class A control shares.
Liberty Star disclosed it is now running on cash advances from its own officers and staff: CFO and Interim CEO Patricia Madaris advanced over $124,000, Chairman O'Heeron $20,000 and Field Operations Manager Jay Crawford $9,000, totaling nearly $154,000 for the quarter — confirming a leadership change (Madaris now interim CEO) and a company kept running almost entirely on insider cash.
Liberty Star took a $67,200 bridge note from 1800 Diagonal Lending in December 2024, its financing dependence on that single lender continuing into year-end.
Liberty Star took another $97,200 note from 1800 Diagonal Lending in October 2024, its largest from that lender under the newer fixed-repayment structure.
Liberty Star lined up yet another equity line, this one letting GHS Investments buy up to $10 million of its stock in monthly draws — a new counterparty replacing its now-lapsed Tangiers and Triton facilities as its standing option for dilutive equity financing.
Chairman Peter O'Heeron advanced Liberty Star a further $150,000 in August 2024, describing himself as the company's majority shareholder actively supporting its cash needs — insider funding now a core, recurring part of how the company stays afloat.
Liberty Star took another $67,200 note from 1800 Diagonal Lending in August 2024 on its now-standard fixed-repayment terms, even as it was also relying on Chairman O'Heeron's personal loans to fund exploration.