Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

If I am not mistaken RL, the Alaskan Claims had enough exploratory "work in lieu" of paying the claims fees. I think that the "Massive Single Hole" drilling that we got sued for - was enough to cover claim fees for a few years - at least that is how I remember it.

Regardless, as per Eli's recent calculation - even though the 100 Million shares will be registered for "putting" to Tangiers......

Yes--registered offerings are immediately free trading...

as to the 100M---the put notices are spaced a minimum of 10 days apart (unless Liberty gets a waiver from Tangiers)---the max # of shares per put is limited to 150% of the 10 day dollar volume average---right now the 10 day avg volume is under 4M shares (or about $9K), so the 100M will take a bit to be put/issued (based on today's #'s)

So, LBSR is going to have to come up with the claims fee monies $14,000.00 at a time.....and I think they have 30 days grace on getting those fees paid (but again, I can't remember that clearly).

In this regard, they would need that S-1 approved RATHER QUICKLY in order not to miss the claims due - well, unless they have gotten several new Private Placements.