Liberty Star Uranium & Metals Corp.

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Message: Funds for Drilling

Per the last 10Q, the company had issued 490K shares under the agreement with Triton at an aggregate price of $250K. Looks like there were two additional notes issued raising another $120K or so. As previously mentioned, Pete put in an additional $50k+. Presumably, based on the volumes and declining share price, we have subsequently tapped the Triton purchase agreement. And we ended Q2 with $70k in the bank account. Since the S-1 was effective, our volumes have been about $1.3m. Who knows how much of that were further taps v. shareholders choosing to sell and move on. But I'm guessing we are easily over $500k in the bank at this point, hopefully nearing $1m and ready to commit to drilling. Gold continues to be above $1,700, well in excess of the historic price (e.g., $300) at which Red Rock was left behind... Personal view is that we will see a big reversal soon. 

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