LIBERTY STAR URANIUM & METALS CORP. (LBSR): debt financing — Liberty Star Uranium & Metals Corp. enters into $210,000 promissory note with Chairman Peter O'Heeron

LIBERTY STAR URANIUM & METALS CORP.

Promissory note of $210,000 issued to Peter O'Heeron, Chairman, on February 13, 2024.
Interest rate of 10% per annum, compounded annually, with principal and interest due February 13, 2025.
Proceeds will be used to pay ongoing exploration expenses.
Loan matures Feb 13, 2025 unless extended by O'Heeron or prepaid by the company.

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 $210,000 with Peter O'Heeron at 10% per annum maturing February 13, 2025.

Instrument: loan
Principal: $210,000
Counterparty: Peter O'Heeron
Rate: 10% per annum
Maturity: February 13, 2025
Event: incurrence

Exact text from the filing

(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 $210,000 loan to the Company from Mr. O’Heeron. The Company intends to use the proceeds for payment of on-going exploration expense. The Note bears interest at 10% per annum, compounded

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Source: SEC EDGAR

accession 0001493152-24-006855

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