SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 2, 2014
LIBERTY STAR URANIUM & METALS CORP.
(Exact name of registrant as specified in its charter)
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Nevada
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000-50071
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90-0175540
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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5610 E. Sutler Lane, Tucson, Arizona 85712
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code 520-731-8786
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 1.01 Entry into a Material Definitive Agreement
On May 2, 2014, we entered into a settlement agreement and release of all claims with Northern Dynasty Minerals Ltd., whereby all of the terms of the Loan and Mining Claims Sale Agreement dated June 29, 2010, as amended July 15, 2010, September 8, 2011, November 2011, November 13, 2012 and November 20, 2012, have been satisfied. Accordingly, all obligations addressed in the November 13, 2012 loan settlement agreement, as amended on November 20, 2012, have been extinguished.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LIBERTY STAR URANIUM & METALS CORP.
By: /s/ James Briscoe
James Briscoe, President, CEO and Director
Date: May 12, 2014
NORTHERN DYNASTY MINERALS LTD.
15th Floor, 1040 West Georgia St., Vancouver, BC V6E 4H1
Telephone: 604-684-6365 / Facsimile: 604-684-8092
May 2, 2014
Liberty Star Uranium & Metals Corp.
Big Chunk Corp.
5610 E. Sutter Lane
Tucson, AZ 85712
Attention: James Briscoe, President and Director
Dear Mr. Briscoe
RE: Loan Settlement by Mining Claims Sale and Transfer - Release of all Claims
This final settlement agreement and release of all claims, when signed by Liberty Star Uranium & Metals Corp. and Big Chunk Corp. (together herein for convenience “Liberty Star”), will constitute our agreement that all of the terms of the Loan and Mining Claims Sale Agreement dated June 29, 2010 as amended on July 15, 2010, September 8, 2011, November 2011, November 13, 2012 and November 20, 2012 (together herein for convenience, the Settlement Agreement, as amended”) have been satisfied and that each party to the Settlement Agreement, as amended, hereby releases the other from all claims, known or unknown, that may be asserted by or between Northern Dynasty its subsidiaries or affiliates (together herein for convenience, “Northern Dynasty”) and Liberty Star in conjunction with the Settlement Agreement, as amended.
The parties hereto specifically agree that as the result of the March 5, 2014 settlement of Big Chunk Corp. v. MBGS, et al, 3AN-12-11654 CI litigation and the subsequent recordation of the lien release based on that settlement, the Settlement Claims that were transferred to U5 Resources in November 2012 pursuant to the Settlement Agreement, as amended, are now free and clear of all liens, claims and other encumbrances and the loan obligation of Liberty Star referred to in the Settlement Agreement, as amended, is now deemed fully settled. Accordingly, this final settlement agreement and release of all claims confirms that all obligations addressed in the November 13, 2012, loan settlement agreement, as amended on November 20, 2012, are extinguished. The parties further agree that this Agreement serves in lieu of a Closing under the November 13, 2012, agreement and that no Closing is required.
This final settlement agreement and release of all claims will:
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be deemed to have been made in British Columbia and will be enforceable in the Courts of British Columbia;
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inure to the benefit of and shall be binding on the parties hereto; and
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maybe executed in counterpart and by electronic transmission of a recognizable manual signature.
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Each party shall execute such further documents and assurances and do such further acts as may be reasonably required by the other party to effect the terms hereof and to ensure the purposes of this final settlement agreement and release of all claims is accomplished.
If the foregoing reflects your agreement, please execute this final settlement agreement and release of all claims where indicated below and return a copy to us by 5:00 p.m., May 9, 2014.
Yours truly,
Northern Dynasty Minerals Ltd.
Per:
/s/ signed
Authorized Signatory
The foregoing is agreed to this 2nd day of May, 2014.
Liberty Star Uranium & Metals Corp.
Per:
/s/ James Briscoe
Authorized Signatory
Big Chunk Corp.
Per:
/s/ James Briscoe
Authorized Signatory
News Release 176
May 12, 2014
Liberty Star Uranium & Metals Corp.
LBSR: OTCQB LBVN: Frankfurt
http://www.libertystaruranium.com/
FOR IMMEDIATE RELEASE
Liberty Star Signs Final Settlement Agreement and Release of All Claims on Big Chunk Property, Alaska
TUCSON, Ariz.–(May 12, 2014)–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to announce a final settlement agreement and release of all claims has been signed by Liberty Star Uranium & Metals Corp. and Northern Dynasty Minerals Ltd. (“Northern Dynasty”) (NYSE: NAK) including its subsidiary/affiliate U-5 Resources Inc.
According to the signed agreement all of the terms of the Loan and Mining Claims Sale Agreement dated June 29, 2010 (amended on July 15, 2010, September 8, 2011, November 2011, November 13, 2012 and November 20, 2012) have been satisfied; Northern Dynasty releases the Company from all claims. Accordingly, the final settlement agreement and release of all claims confirms that all obligations addressed in the November 13, 2012 loan settlement agreement, as amended on November 20, 2012, are extinguished.
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
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