Liberty Star (LBSR) chairman Peter O'Heeron discloses 79% voting control
Rhea-AI Filing Summary
Liberty Star Uranium & Metals Corp. discloses that Chairman Peter O'Heeron has filed an amended Schedule 13D reporting beneficial ownership of 146,709,838 common securities, representing 79% of the class. This total includes 1,957,829 options and 13,489,280 warrants that are exercisable within 60 days, plus 500,000 Class A common shares that carry 200 votes each, equating to 100,000,000 voting shares. The company states that issued and outstanding shares consist of 86,743,909 common shares plus 100,000,000 Class A voting power, for a total of 186,743,909 shares on a voting basis. O'Heeron used personal funds to acquire the position and states that the purpose of the transaction is investment.
Positive
- None.
Negative
- None.
Insights
Chairman Peter O'Heeron reports a 79% beneficial ownership stake in Liberty Star.
The filing shows that Peter O'Heeron, Chairman of the Board, beneficially owns 146,709,838 common securities of Liberty Star Uranium & Metals Corp., representing
The ownership figure includes 1,957,829 options and 13,489,280 warrants that are exercisable within 60 days, as well as 500,000 Class A common shares with 200 votes per share, which together account for 100,000,000 votes. The company notes total issued and outstanding voting shares of 186,743,909, so this reported stake indicates effective voting control by the reporting person.
From a governance perspective, such a high beneficial ownership concentration means company decisions can be strongly influenced by a single holder. Future company disclosures may further describe how this ownership structure affects board decisions, capital allocation, and any potential strategic transactions.