other material
confidence high
sentiment neutral
materiality 0.75
LIBERTY STAR URANIUM & METALS CORP. (LBSR): M&A transaction — Liberty Star Uranium issues 398k Class A shares to two directors, resulting in change of control
LIBERTY STAR URANIUM & METALS CORP.
- Issued 398,000 Class A common shares to directors Brett Gross and Pete O'Heeron (199,000 each) for $19,502 total ($0.049/share).
- Class A shares carry 200 votes each; combined 100,000,000 votes represent 77.8% of total voting power.
- Prior to issuance, common stock had 28,470,167 shares with 1 vote each; new Class A shares give effective control to Gross and O'Heeron.
- Shares issued in reliance on Section 4(2) and Regulation D exemption from registration.