Liberty Star Update: naseba Hosted Middle East Trip to Make Presentations, Hay Mountain/Mine Finders
July 21 2014 - 9:35AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or
the “Company”) (OTCQB: LBSR) is pleased to give an update
of the recently concluded Middle East roadshow hosted
by Naru Capital (“Naru”), a division of naseba.
Company CEO/Chief Geologist Jim Briscoe presented Liberty Star’s
premiere property Hay Mountain Project (“Hay Mountain”)
in conjunction with the Mine Finders training
program (NR 177). All ten meetings were successful with requests
for additional information including confidentiality/non-disclosure
agreements, project details and specific proposals. It is
anticipated that from these meetings the Company can proceed to a
memorandum of understanding (MOU) and or a letter of intent (LOI)
with the final objective, an executed contract funding the Hay
Mountain Project with or without the Mine Finders program.
Briscoe’s summary of events:
“The roadshow started in Saudi Arabia (SA)
Sunday (a work day) June 22 and was complete after visiting senior
executives of 10 large organizations in three different countries
in five cities and concluded on Friday evening, June 27. The
meetings were conducted in Dammam, Riyadh, and Jeddah, Saudi
Arabia, Muscat, Sultanate of Oman, and Istanbul, Turkey.
Naru Capital functions as a deal originator
for investors in the growth markets with an unbiased approach to
sourcing potential investment targets.
They have developed relationships with a
network of qualified investors including private investors,
sovereign wealth funds, financial institutions, state owned
enterprises, educational institutions, natural resource investment
companies, private equity firms and capital advisory
firms across the growth markets. Their dedicated investor
analysts leverage their extensive knowledge and match the
needs of the investors with the specifics of the project. Naru’s
reach in the liquid emerging markets has led to a database
containing over a million contacts with areas of expertise
including capital markets, energy, health care, and natural
resources (our category).
From their list of investor clients Naru
determines what entities are a match for the client’s project. They
start with hundreds of potentials and screen them over a period of
months. It involves an extensive search for just the right matchup
between the client (Liberty Star) and the objectives and financial
capability of the investor and includes extensive targeted vetting.
Only a few finalists are chosen – in our case 10 entities.
Meetings are arranged between the client
(Liberty Star) and the potential investor, the business case is
presented in a personal one on one meeting.
After the presentation Naru provides a
debrief report and an action plan for Liberty Star with input from
the investors.
For each investor met with a positive
response, Liberty Star will send a confidentiality, non-compete
agreement (CA), a proposed deal, a letter of intent (LOI), a
memorandum of understanding (MOU) and then, after an agreement has
been hammered out, an executable contract. Of course after the CA
has been signed Liberty will disclose all information on the
project to the potential funder.
As a result of our presentations, all parties
have responded positively and would like further documents and
information.
We are currently working on preparation of
documents. We are preparing thank you notes,
confidentiality/non-disclosure/non-compete agreements, background
data, and business plans and proposals for the Hay Mountain Project
and the Mine Finders program, and are preparing letters of intent
and memoranda of understanding, which we believe will lead to one
or more investments in our proposals.”
“James A. Briscoe”
James A. Briscoe, Professional
Geologist, AZ CACEO/Chief GeologistLiberty Star Uranium &
Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include all our planned drilling program and our planned
route to access partners or funding sources. Factors which may
delay or prevent these forward-looking statements from being
realized include: the failure of our proposals to be accepted; we
may not attract any partners or funding sources through the
intended routes; we may not be able to raise sufficient funds to
complete our intended exploration, keep our properties or carry on
operations; and an inability to continue exploration due to
weather, logistical problems, labor or equipment problems or
hazards even if funds are available. Even if we find a partner, we
may not be able to reach agreement or carry out the development
program as contemplated. Despite encouraging data there may be no
commercially exploitable mineralization on our properties. Readers
should refer to the risk disclosures in the Company’s recent 10-K
and the Company’s other periodic reports filed from time to time
with the Securities and Exchange Commission.
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