LIBERTY STAR URANIUM & METALS CORP. (LBSR) Form 8-K — May 29, 2026
$LBSRForm 8-KItems 1.01, 2.03, 9.01Filed May 29, 2026, 6:20 PM ET0001493152-26-026461Original filing
Liberty Star Uranium & Metals Corp. entered into a Securities Purchase Agreement with Monroe Street Capital Partners LP to issue a convertible promissory note with a principal amount of $123,200. The company received $112,000 in cash proceeds, reflecting a 10% original issue discount, with the note bearing 8% annual interest and maturing in one year. The note is convertible into common stock at a price equal to 75% of the average of the three lowest closing bid prices during the ten trading days prior to conversion.
Key figures
- Debt Amount
- 123200
- Interest Rate
- 8
- Maturity Date
- May 18, 2027
- Shares Outstanding
- 106866144
- Purchase Price
- 112000
- Default Interest Rate
- 22
- Original Issue Discount
- 11200
- Beneficial Ownership Limit
- 4.99
- Default Penalty Multiplier
- 1.5
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