Liberty Star Uranium & Metals Corp. announced that it has entered into a securities purchase agreement with returning investor 1800 Diagonal Lending LLC to issue a convertible promissory note for gross proceeds of $39,250 on October 3, 2022. The principal amount of the note is $45,137.50.

The note bears interest at 8%, with a 10% original issue discount and matures on September 28, 2023. Pursuant to the terms of the note, the outstanding principal and accrued interest on the note shall be convertible into shares of the company's common stock as set forth therein.