Liberty Star Uranium and Metals Corp (LBSR)

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Updated 8k-

http://biz.yahoo.com/e/101115/lbsr.ob8-k.html


Form 8-K for LIBERTY STAR URANIUM & METALS CORP.


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15-Nov-2010

Unregistered Sale of Equity Securities, Financial Statements



Item 3.02 Unregistered Sales of Equity Securities.
On October 20, 2010, we sold 25,000,000 units at a price of $0.04 per unit to one investor for gross proceeds of $1,000,000. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. Each share purchase warrant entitles the investor to purchase one additional common share of our company at a price of $0.056 until October 20, 2013. On November 12, 2010, we sold 5,465,114 units at a price of $0.043 per unit to four investors for gross proceeds of $235,000. Each unit consisted of one common share of our company and one non-transferable share purchase warrant. Each share purchase warrant entitles the investor to purchase one additional common share of our company at a price of $0.06 until November 12, 2013. The investors are U.S. Persons and are accredited investors and in issuing securities to these investors we relied on the exemption from the registration requirements of the Securities Act of 1933 provided by Rule 506 of Regulation D promulgated thereunder.