TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star?????or the?????Company???)
(OTCQB:
LBSR) is pleased to announce CEO/Chief Geologist James A. Briscoe will
travel to Hong Kong, Japan and Korea in November to meet with potential
investors to fund the Hay
Mountain Project (???Hay Mountain???) Phase 1 drilling program and
further development funding. Naru
Capital (???Naru???) has also requested Briscoe present the Mine
Finders training program on a roadshow planned for Qatar, Kuwait,
Bahrain and UAE.
According to Naru???s representative, ???We have successfully established
relations with [potential] investors in Hong Kong who are significantly
experienced in mining and thereby appreciate the risk-reward ratio of a
greenfield project such as Hay Mountain. In the Middle East, we will be
sourcing sophisticated [potential] investors who have been vetted to
ensure an interest in early stage opportunities and who would ideally
benefit immensely from the Mine Finders program. Based on the
interactions between our team and the [potential] investors over the
last few weeks, we anticipate good meetings to be held in Hong
Kong???.Potential meetings in Japan and Korea can be conducted face to
face due to the proximity to Hong Kong.???
Briscoe is still in substantial contact with interested parties from the
Middle East introduced to Liberty Star during Naru???s first Middle East
Roadshow. As part of the second Naru Roadshow Briscoe will continue
meetings with these potential investors and begin meetings with new
prequalified contacts from Qatar, Bahrain, Kuwait and UAE. It is yet to
be determined if Briscoe will travel to the Middle East for a second
time. The presentations may be conducted by GoToMeeting computer meeting
exchange, which allows up to 25 participants to view presentations on
their computers anywhere in the world simultaneously.
States Briscoe: ???We continue our pursuit of a suitable deal for Phase 1
drilling at Hay Mountain. The Mine Finders training program has remained
of great interest to multiple contacts from my travels to Saudi Arabia,
Oman and Turkey in June. We also have as many as three domestic groups
that have expressed interest in investing in developing Hay Mountain. We
will work on not only obtaining funds for Phase 1, but looking to future
development funding capability as well.???
???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 all our planned drilling program and our planned trip to
Asia. 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 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 our proposal is accepted, we may not be able to carry
out the Mine Finders 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.