Liberty Star Signs Comprehensive New Agreement with Naru Capital a Division of naseba, Extending Successful Partnership to a ...
August 06 2014 - 9:45AM
Business Wire
Meetings in Tucson – Hay Mountain Mid-September and Middle
East Planned in October
Liberty Star Uranium & Metals Corp. (“Liberty Star” or
the “Company”) (OTCQB: LBSR) is pleased to announce that
Liberty Star has once again signed a comprehensive agreement with
Naru Capital (“Naru”), a division of naseba.
With the current value of ongoing infrastructure projects in the
Middle East estimated at over US$2.62 trillion, the region is
currently witnessing significant investments in infrastructure
development that drive the demand for metals including copper,
aluminum, iron, and nickel among others. Thus investors now seem to
be seeking strategic investments in the sector, with the regional
material demand forecast set to rise consistently over the next
5-10 years. This will be compounded by the decrees to bring
expertise to the region in order to fast track developments of
local mining assets as well. Having recognized the potential of
Liberty Star and its Board, Naru Capital will be making a major
push to get Hay Mountain funded and then fund other projects and
targets of Liberty Star.
Naru Capital is a division of naseba group, a French business
information company and a deal facilitator focused on the needs and
interests of growth market based investors. With on the ground
presence in Algiers, Bangalore, Dubai, Monaco, Riyadh, and Shanghai
Naru Capital facilitates the introduction of companies raising
capital to investors in emerging and growth markets, offering an
alternative to traditional avenues to source deal flow. Naru
Capital organizes highly-targeted, private capital introduction
meetings and investors road shows across a range of growth markets
and sectors, introducing each to pre-qualified investment
opportunities.
The new agreement is to effectuate financing on a variety of
levels for Liberty Star targets and opportunities. This will
continue with an additional road show in the locations not yet
visited where after extensive preparation and publicity of the
opportunity, one on one meetings will be arranged with entities
that have the desire and funds to invest in significantly large
grass roots or greenfield mineral exploration targets. This will
include Hay Mountain. The investment analysts will prioritize the
meetings based on investor interest and intent, and will follow up
with all the parties to ensure progression from the meetings, which
will include potential visits to the southeast Arizona – Tombstone-
Bisbee area where the Hay Mountain target is located and to the
operating copper mines in the Tucson vicinity that have similar
characteristics and are emblematic of the Hay Mountain Project.
Company CEO/Chief Geologist James A. Briscoe will return to the
Middle East for a second time in October for highly-targeted,
private capital introduction meetings organized by Naru Capital,
which makes this the fourth time Naru Capital and Liberty Star have
partnered for investors’ acquisition. The road show will include
follow up meetings from Briscoe’s June visit to Saudi Arabia, Oman
and Turkey which led to the 10 indications of interest, the first
step in sending non-disclosure agreements for the Hay Mountain
project and offer the Hay Mountain Project/Mine Finders training
program to new potential investors.
Naru Capital Managing Director, Fabien Faure said “More
than looking at just the financial capabilities of these investors,
we also discuss their alternative reasons as to why they would
consider an opportunity, before we make any introductions. We have
developed trusting relationships with our investors through
constant and open dialogue, and mapping their emotional connection
to a particular industry, region or opportunity. We also work
closely with our investors to establish how a project could benefit
them from a strategic point of view, or sometimes how it could
benefit them politically.”
Notes Briscoe: “Liberty Star is taking the lead in developing in
what we believe will be ‘a major mining project that will be active
for decades’. This fact is well known to local investors, but not
to international investors. Naru Capital arranged these ‘Investor
Road Shows’ of meetings tailored exactly to our requirements, and
it has given the opportunity to be introduced in growth markets
like India, China and the GCC as a lead in the Hay Mountain project
and also discuss the long term Mine Finders training program with
an objective of developing a full stream of new mineral discoveries
in the Arabian Nubian shield.”
“naseba/ Naru’s approach cuts out a lot of time consuming
vetting that I don’t have time to engage in. I am in the midst of
the finalization of planning Phase 1 drilling at Hay Mountain and
working on required permitting. naseba’s team understands that the
Hay Mountain land has been the subject of intense professional
geologic, geochemical, and geophysical surveys resulting in
profound mutually reinforcing anomalies which indicate the presence
of an extremely large porphyry copper/gold multi-metallic system
including a very large rare earth element anomaly.”
“Drilling is the next step for the project. The funding we seek
is for our innovative, efficient Phase 1 drilling program which
will tell us if we have positive drill core indicators of a
potentially commercially important ore body rivalling in size and
grade several of the other mined ore bodies in the area, ranging
from the middle of Arizona, south and east into northern Mexico.
naseba has promised to bring us together with potential investors
who have the desire to get in on the ground floor of, if we are
successful, what I believe will be a major mining project that will
be active for decades. Assuming Phase 1 shows positive indications,
Phase 2 – lasting 3 years and operating 24/7/365 will continue
immediately. Cutting edge equipment and methodology will be used,
meeting US-SEC engineering report standards and well as Canadian
NI- 43-101 requirements. Registered professionals will supervise
all operations, and certified assay laboratories will be used for
all metal analysis as the company does on all its projects.”
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ
CA
CEO/Chief Geologist
Liberty 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: that the follow up meetings through naseba and
with potential partners could lead to large scale funding of
Liberty Star’s Hay Mountain Project; that we may obtain a partner
for the Hay Mountain project; anomalies on our property indicate
the presence of an extremely large porphyry copper/gold
multi-metallic system including a very large rare earth element
anomaly; and that we can efficiently drill our property if we had
sufficient funding.
Factors which may delay or prevent these forward-looking
statements from being realized include: our inability to agree with
a potential partner on terms of their participation in the Hay
Mountain Project or any project; we may not be able to raise
sufficient funds to complete our intended exploration or carry on
operations; and possible inability to continue drilling due to
weather, logistical problems or hazards even if funds are
available. Despite encouraging results, there may be no commercial
grades of 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.
Agoracom Investor
Relationslbsr@agoracom.comhttp://agoracom.com/ir/libertystarorLiberty
Star Uranium & Metals Corp.Tracy Myers, 520-425-1433Investor
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