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 the CEO personally advanced about $40,000 to buy a portable elemental analyzer for the company, to be reimbursed once cash allows — alongside a busy stretch of exploration work at the newly acquired Hay Mountain Project, including a new airborne-survey reprocessing contract with Geotech and expanded Arizona State Land Department mineral permits, signaling Hay Mountain (not Big Chunk) is now the company's lead project.
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
By late 2016 Liberty Star — now renamed Liberty Star Uranium & Metals Corp. — was back to serial convertible-note borrowing, taking $110,000 from Tangiers Investment Group at 12% interest convertible at a steep 60% discount to its lowest recent trading price, with two amendments already needed to loosen the terms further.
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.