Liberty Star Uranium and Metals Corp (LBSR)

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It is very simple. The debt was reduced by usd 500,000. It is convertible on a five day trading average(no discount off bid). It can be advanced towards the usd 10 million earn in commitment. Therefor, it can be considered paid in full at Northern Dynasty's discretion(Hunter Dickinson).

Understanding a debt holder is very important. Hunter Dickinson used to be owned by the public companies held under their umbrella. It was an equal ownership among those companies. It has recently changed the structure of such.

In 2006, Northern Dynasty bought the shares of Hunter Dickinson Group and that company then became a subsidiary(they purchased 20% interest in pebble). It was renamed 3537137 Canada Inc. . The company operates through two holding companies. One being the Pebble Partnership, the other being 3537137 Canada Inc.


The ownership and operating criteria may be somewaht complex, but the end result is very simple.