Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

So, am I reading and understanding this correctly?

Brett Gross basically "loaned the corporation" money interest free up until such time as the "VOTE" to increase the number of shares is approved, at which time he will get issued the shares and the warrants?

I suppose if this is true, it would be considered a stopgap loan to cover expenses.

(1) The non-interest bearing promissory note with the principal amount of $30,000 is convertible into 16,806,723 units (each, a "Unit") at a price of $0.001785 per Unit upon the increase of the authorized capital of Liberty Star Uranium & Metals Corp. Each Unit is comprised of one common share and two warrants. Each warrant will be exercisable for a period of three years at a price of $0.002499.

Time will tell whether Mr. Gross has made good investment decisions.

Fascinating...... A loan for something that doesn't even exist yet.
Who approved that ? Interesting