Liberty Star Uranium enters $45K promissory note with Chairman Peter O'Heeron

LIBERTY STAR URANIUM & METALS CORP.

Loan of $45,000 from Chairman Peter O'Heeron, evidenced by a Promissory Note dated May 1, 2024.
Note bears interest at 10% per annum, compounded annually; principal and interest due May 1, 2025.
Proceeds to be used for ongoing exploration expenses.
Peter O'Heeron serves as Chairman, Secretary & Treasurer of the registrant.
Note may be extended by lender or prepaid at company's option.

item 2.03 item 9.01

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 $45,000 with Peter O’Heeron at 10% per annum maturing May 1, 2025.

Instrument: loan
Principal: $45,000
Counterparty: Peter O’Heeron
Rate: 10% per annum
Maturity: May 1, 2025
Event: incurrence

Exact text from the filing

On May 1, 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 $45,000 loan to the Company from Mr. O’Heeron.

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Source: SEC EDGAR

accession 0001493152-24-017545

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