Replies to post #154032 on Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

Thanks - I still say "Fascinating"

I appreciate your response.

I asked, because it looked to me like the company had made Brett Gross a "promissory note" to supply him with shares and warrants in exchange for a loan of 30,000 dollars.

(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.

Legal jargon .......

In other words, he locked in a good deal for himself if the company does indeed prosper. "live long and prosper". (kind of like his own personally arranged "private placement, based upon shares becoming available.)