UNITED STATES
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)June 1, 2010
LIBERTY STAR URANIUM & METALS CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 000-50071 | 90-0175540 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
5610 E. Sutler Lane, Tucson, Arizona 85712
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code520-731-8786
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 (17CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
2
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On June 1, 2010 we were notified by the collateral agent for our secured lenders that the notes we issued on May 11, 2007, August 28, 2008, May 21, 2009 and August 14, 2009 are past due and in default. Default was triggered by our non-payment of amounts due on or before June 1, 2010.
The secured lenders have given us notice that the notes are now due and owing in full and demand that we make full payment of all principal, interest, liquidated damages and all other sums due under the notes. The amount due is a minimum of $3,500,000 but the lenders may demand a higher amount based on their calculations of amounts due plus accrued interest and penalties.
Item 9.01 Financial Statements and 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 and Director
Date: June 3, 2010
