Replies to post #92765 on Liberty Star Uranium and Metals Corp (LBSR)

[PURA VIDA]

ONLY 2 MONTHS AGO TODAY TWO MONTHS !!

The terms and conditions of the Financing Agreement (the “Agreement”) include:

The Open Period is 36 months from after the Effective Date. The Company must register the stock in advance so that it is free trading when issued. That will be done through the filing of a form S-1.

The Company may deliver a Put Notice from time to time throughout the Open Period to the Investor that will be less than or equal to 200% of the average daily volume of the Common Stock for the 10 trading days prior to the applicable Put Notice Date.

The Common Stock Purchase Price will be 27.5% from the 5 day volume weighted average price (VWAP) - a 27.5% discount - during the 5 trading days immediately prior to receipt by the Investor of the Company’s Put Notice.

Fairhills Capital will not be entitled to a stock ownership position exceeding 4.99% of the number of Common Stock shares outstanding.

Fairhills Capital has agreed not sell the Company’s stock short, either directly or indirectly through its affiliate, principals or advisors.

Liberty Star has reserved 200,000,000 shares for issuance pursuant to the Agreement. Draw- downs can commence after the Company registers with the SEC the stock it intends to sell to Fairhills. It is expected the process could take three to four months or possibly sooner.