other material
confidence high
sentiment neutral
materiality 0.80
LIBERTY STAR URANIUM & METALS CORP. (LBSR): M&A transaction — Liberty Star issues 250K Class A shares to Chairman O'Heeron at $0.0381/sh, giving 66.8% voting control
LIBERTY STAR URANIUM & METALS CORP.
- Pete O'Heeron, Chairman/Secretary/Treasurer, purchased 250,000 Class A shares for $9,525 ($0.0381 per share) on Nov 9, 2023.
- Each Class A share carries 200 votes; total Class A voting power rises to 100,000,000 votes from 50,000,000.
- After issuance, Class A shares hold 66.8% of total voting power (100M of ~149.8M votes), representing change of control.
- Prior to issuance, Company had 49,813,861 common shares (1 vote each) and 250,000 Class A shares in treasury.