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Re: None

Thursday, 12/27/2018 12:00:38 PM

Thursday, December 27, 2018 12:00:38 PM

Post# of 173202
These borrowings from LBSR board members in November and December VALIDATE what I posted a month ago, that the TOXIC lenders seemed to be CUTTING OFF LBSR from any new money, since they were struggling to unload their TOXIC SHARES from money loaned out 6 months ago.

EXPECT LBSR TO TURN OUT THE LIGHTS VERY SOON!

NOTE 11 – Subsequent events

In December 2018, we received aggregate proceeds of $11,000 from the issuance of a note payable to a director. The note bears interest at 10% and is due January 31, 2020.

On December 21, 2018, we received proceeds of $5,000 from the issuance of a note payable to Brett Gross, our CEO. The note bears interest at 10% and is due January 31, 2020.


In November and December, 2018, the Company issued a total of 554,376,726 shares of our common stock for conversions of $107,132 of convertible notes payable and interest at exercise prices ranging from $0.00017 to $0.00025.

In November of 2018, the Company received an aggregate of $10,000 from the sale of 20,000,000 shares of the Company’s common stock to accredited investors.


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