Liberty Star Uranium & Metals Corp. announced that it has entered into a security purchase agreement to issue an unsecured interest-bearing Promissory Note with returning investor 1800 Diagonal Lending LLC in the principal amount of $79,200 at an issue price of $66,000 for the gross proceeds of $66,000 on June 13, 2024. The note bears interest at 10%, with a 16.67% original issue discount and matures on March 15, 2025.

Pursuant to the terms of the Note, the outstanding principal and accrued interest on the Note shall be paid in 4 set monthly cash payments beginning six months from the effective date. The note may be prepaid with no penalty. The note allows an event of default which may be convertible into shares of the company?s common stock as set forth therein.