Item 3.02 Unregistered Sales of Equity Securities
On June 30, 2020 Liberty Star Uranium & Metals Corp. ("the Company") entered
into an agreement to issue a total of 51,000,000 shares of its "Class A Common
Stock", to two directors of the Company. The aggregate consideration paid for
the Class A Common Stock was $49,062 ($0.000962 per share). The consideration
was paid by offsetting the purchase price against Company advances and notes
held by the two directors. The Class A Common Stock was issued in reliance upon
an exemption from registration provided by Section 4(2) of the Securities Act of
1933 and Regulation D promulgated thereunder.
Item 5.01. Changes in Control of Registrant
On June 30, 2020, the Company had a change of control as a result of issuance of
51,000,000 shares of Class A Common Stock, as described in Item 3.02 above. The
Class A Common Stock was issued to two directors, Brett Gross (25,500,000
shares) and Pete O'Heeron (25,500,000 shares). Prior to issuance of the Class A
Common Stock, the Company had 4,829,536,345 shares of its common stock issued
and outstanding and each such share of common stock has one vote on all matters
submitted to the shareholders for a vote. Each of the issued and outstanding
shares of Class A Common Stock has 200 votes per share, and the holders of such
shares vote with the holders of outstanding common stock for election of
directors and on all matters submitted to the shareholders for a vote.
Accordingly, the 51,000,000 shares of Class A Common Stock have a total of
10,200,000,000 votes on all matters submitted to the shareholders for a vote,
which represents 67.9% of the total number of votes eligible to be cast and may
be deemed to represent control of the Company.
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LIBERTY STAR URANIUM & METALS CORP. 
