Liberty Star Uranium and Metals Corp (LBSR)

[Eli's Gone]

Sounds like the wording of the offering more befits a "min-max" offering?---no jail time required

disclaimer: not a lawyer and don't play one on the internet

The "min":

We are offering units consisting of 750,000 shares of common stock and warrants to purchase 375,000 shares of common stock at a purchase price of three thousand dollars ($3,000) per unit.

The "max":

Our private offering consists of up to $2,000,000 in value of Units.

Door #14 or door #15?--Dudley Do-right seems to think he knows--I am not sure :

14. WHAT IS AN ALL-OR-NOTHING OFFERING?
Most companies decide on how much money they want to raise and the amount of securities they want to sell for this amount. If a company decides that they need, for example, $5,000,000.00 and cannot succeed without this amount, they will proceed with an “all-or-nothing” offering. Under this type of offering, the Company cannot break escrow until the entire amount of money is raised (for instance in our example, that amount would be $5,000,000).
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15. WHAT IS A MINIMUM – MAXIMUM OFFERING? (CALLED A MINI-MAXI OFFERING)
Companies may offer to sell investors a minimum amount of securities and a maximum amount of securities in an offering. That way a company may break escrow when the minimum amount of the offering is raised. On an all-or-nothing offering, the company must raise the entire amount of the offering before it can break escrow.

Example: XYZ Company is offering a Minimum Offering of 100,000 shares of common stock for $1,000,000 and a Maximum Offering of 1,000,000 shares of common stock for $10,000,000.