Liberty Star Uranium & Metals Corp. (OTCPK:LBSR) announced a private placement of convertible promissory notes in the principal amount of $50,000 with returning investor JSJ Investments Inc on January 22, 2018. The notes will mature on January 22, 2019. The note is convertible into common shares of the company. The note bears an interest rate of 12% per annum. In case the company is unable to pay common shares to the company after conversion then after 5th day after date of conversion notice the company will pay $2,000 per day for each day after the fourth business day until delivery of the shares is made.