other material
confidence high
sentiment neutral
materiality 0.65
Liberty Star secures up to $10M equity financing from GHS Investments at 80% of market price
LIBERTY STAR URANIUM & METALS CORP.
- Equity financing agreement allows Liberty Star to sell up to $10M of common stock over 24 months.
- Purchase price set at 80% of the average of the five lowest trading prices during the 10-day pricing period.
- Each put request limited to $500k per 10 trading days, with minimum $10k; subject to 4.99% ownership cap.
- Company issued 100,000 restricted commitment shares to investor concurrently with agreement.
- Company must file registration statement within 30 days; agreement includes registration rights for resale.