The next big hurdle is coming. Briscoe has tightened the belt as much as possible. On February 11th 14.28% of the note is due along with 12% interest so that is less than $70,000.00? Am I right did I read it correctly.

Briscoe also has to give a share holder meeting projected costs are $30,000.00 so we have a hundred grand on the table. There are no more share available to be issued.

Its do or die Feb 11th.

Comments and commentary wanted.

On August 28, 2008, Liberty Star Uranium & Metals Corp (otcbb: LBSU) completed the sale of $414,184 principal amount of 12% Secured Convertible Promissory Notes to eight subscribers including Alpha Capital Anstalt, Bridgepoint Master Fund, and Enable Capital Management affiliates. Interest accrues on the notes at a rate of 12% per annum commencing on the date of the issuance. The Note principal must be repaid commencing February 11, 2009 in monthly amounts equal to 14.28% of the principal amount together with interest, accrued to each monthly payment date on the outstanding principal. The Company may pay the monthly amount with registered common stock or 144 Shares valued at the lesser of the fixed conversion price of $0.05, or 80% of the average of the closing bid prices of the Company’s common stock for the five trading days prior to the monthly payment date. The proceeds are intended to be used for mineral lease payments, offering expenses and working capital.