Liberty Star Uranium & Metals Corp.

Combining Classic Mineral Exploration with State of the Art Technology

Free
Message: Share prices diving

 

From ElisComing on the much hated board.

 

Quote:On April 11, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible promissory note dated April 10, 2017 (the “April 2017 Note”). The total principal under the April 2017 Note is $50,000, bears interest at 12% per annum, is due on January 10, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion.



which became convertible now at a 45% haircut---which equals about 48M shares.. 

rough guess from someone not paying much attention but saw the volume and "avg" dumps...
 

 

Thanks EC, this makes my day brighter.

Share
New Message
Please login to post a reply