Replies to post #163160 on Liberty Star Uranium and Metals Corp (LBSR)

[Eli's Gone]

That IS the letter offering..smh

[mstoneinv]

Ignore anyone who confuses an offering's unit size with it's minimum size. They are staggeringly clueless on the subject, the equivalent of a person in geology confusing an atomic element and a chemical compound.

Example:

Northern Dynasty Minerals Ltd. (NYSE: NAK) announces that it has filed prospectus supplements dated May 26, 2016 with the securities commissions in British Columbia, Alberta and Ontario, and in the United States with the U.S. Securities and Exchange Commission (the "SEC") in connection with an offering of units (each, a "Unit") of the Company (the "Offering").

The Offering will be conducted by Global Securities Corporation (the "Lead Agent") and Industrial Alliance Securities Inc. (together with the Lead Agent, the "Agents") and will consist of 31,111,111 Units at a price of $0.45 per Unit (the "Issue Price"), with each Unit consisting of one common share (a "Share") and one common share purchase warrant (a "Warrant").

So no boys and girls, that does not mean NAK’s offering minimum was 45 cents because that was the unit size.

LBSR did not state a minimum offer amount in their official filing. When a company states that want to raise X amount in a set time period, that makes it a closed/all-or-nothing offering.