LIBERTY STAR URANIUM & METALS CORP. (LBSR): debt financing — Liberty Star Uranium borrows $250K from Chairman via 10% promissory note

LIBERTY STAR URANIUM & METALS CORP.

Promissory note with Chairman Peter O'Heeron for $250,000 dated Jan 25, 2024.
10% annual interest, compounded annually; principal and interest due Jan 25, 2025.
Proceeds to be used for ongoing exploration expenses.
Note may be prepaid or extended at Mr. O'Heeron's discretion.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LIBERTY STAR URANIUM & METALS CORP. incurred loan of $250,000 loan with Peter O’Heeron, Chairman, Secretary & Treasurer of the Company at 10% per annum, compounded annually maturing January 25, 2025.

Instrument: loan
Principal: $250,000 loan
Counterparty: Peter O’Heeron, Chairman, Secretary & Treasurer of the Company
Rate: 10% per annum, compounded annually
Maturity: January 25, 2025
Event: incurrence

Exact text from the filing

On January 25, 2024, Liberty Star Uranium & Metals Corp. (the "Company") entered into a Promissory Note Agreement (the "Note") with Peter O’Heeron, Chairman, Secretary & Treasurer of the Company. The Note was executed to evidence a $250,000 loan to the Company from Mr. O’Heeron.

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Source: SEC EDGAR

accession 0001493152-24-004358

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