Lion Copper Announces Unit Private Placement and Issuance of Warrants
Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) has announced a non-brokered private placement offering up to 22,222,222 units at US$0.045 per unit, aiming to raise up to US$1,000,000. Each unit includes one common share and one warrant, with each warrant allowing the purchase of an additional common share at US$0.06 for five years. The company plans to use the proceeds for working capital and debt repayment.
Additionally, Lion CG has issued 41,707,215 warrants to certain creditors, including insiders, who previously received shares in a debt settlement announced on March 8, 2024. These warrants are exercisable at US$0.056 per share for five years. The company is relying on exemptions from formal valuation requirements for insider-related transactions.
Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ha annunciato un collocamento privato non intermediato fino a 22.222.222 unità a US$0,045 per unità, con l'obiettivo di raccogliere fino a US$1.000.000. Ogni unità comprende una azione ordinaria e un warrant, con ogni warrant che consente l'acquisto di un'ulteriore azione ordinaria a US$0,06 per cinque anni. L'azienda prevede di utilizzare i proventi per capitale operativo e rimborso del debito.
Inoltre, Lion CG ha emesso 41.707.215 warrant a determinati creditori, inclusi insider, che avevano precedentemente ricevuto azioni in un accordo di debito annunciato l'8 marzo 2024. Questi warrant sono esercitabili a US$0,056 per azione per cinque anni. L'azienda sta facendo riferimento a esenzioni dai requisiti di valutazione formale per le transazioni relative agli insider.
Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ha anunciado una colocación privada no gestionada de hasta 22,222,222 unidades a US$0.045 por unidad, con el objetivo de recaudar hasta US$1,000,000. Cada unidad incluye una acción común y un warrant, con cada warrant permitiendo la compra de una acción común adicional a US$0.06 durante cinco años. La compañía planea usar los ingresos para capital de trabajo y pago de deudas.
Adicionalmente, Lion CG ha emitido 41,707,215 warrants a ciertos acreedores, incluidos los internos, que previamente recibieron acciones en un acuerdo de deuda anunciado el 8 de marzo de 2024. Estos warrants son ejercitables a US$0.056 por acción durante cinco años. La compañía se basa en exenciones de los requisitos de valoración formal para transacciones relacionadas con insiders.
라이온 구리 및 금 주식회사 (CSE: LEO) (OTCQB: LCGMF)는 비중개 사모 배급을 통해 최대 22,222,222 단위를 US$0.045 per unit에 제공하며, US$1,000,000까지 자금을 조달하는 것을 목표로 하고 있습니다. 각 단위에는 하나의 보통주와 하나의 워런트가 포함되며, 각 워런트를 통해 US$0.06으로 5년간 추가 보통주를 구매할 수 있습니다. 회사는 자금을 운영 자본 및 부채 상환에 사용할 계획입니다.
또한, 라이온 CG는 특정 채권자에게 41,707,215개의 워런트를 발행했습니다. 이들은 2024년 3월 8일 발표된 부채 합의에서 이전에 주식을 받은 내부자들도 포함됩니다. 이 워런트는 US$0.056의 주식으로 5년간 행사 가능합니다. 회사는 내부자 관련 거래에 대한 공식 평가 요구사항에서 면제를 받고 있습니다.
Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) a annoncé un placement privé non soumis à courtage pouvant aller jusqu'à 22.222.222 unités à US$0,045 par unité, visant à lever jusqu'à US$1.000.000. Chaque unité comprend une action ordinaire et un warrant, chaque warrant permettant l'achat d'une action ordinaire supplémentaire à US$0,06 pendant cinq ans. La société prévoit d'utiliser les produits pour le fonds de roulement et le remboursement de la dette.
De plus, Lion CG a émis 41.707.215 warrants à certains créanciers, y compris des initiés, qui ont précédemment reçu des actions dans le cadre d'un règlement de dette annoncé le 8 mars 2024. Ces warrants sont exerçables à US$0,056 par action pendant cinq ans. La société s'appuie sur des exemptions aux exigences d'évaluation formelle pour les transactions liées aux initiés.
Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) hat eine nicht vermittelte Privatplatzierung angekündigt, die bis zu 22.222.222 Einheiten zu US$0,045 pro Einheit anbietet und plant, bis zu US$1.000.000 zu sammeln. Jede Einheit umfasst eine Stammaktie und ein Warrant, wobei jeder Warrant den Kauf einer weiteren Stammaktie zu US$0,06 für fünf Jahre ermöglicht. Das Unternehmen plant, die Einnahmen für Betriebskapital und Schuldenrückzahlung zu verwenden.
Darüber hinaus hat Lion CG 41.707.215 Warrants an bestimmte Gläubiger, einschließlich Insidern, ausgegeben, die zuvor im Rahmen einer Schuldeneinigung, die am 8. März 2024 bekannt gegeben wurde, Aktien erhalten haben. Diese Warrants sind für US$0,056 pro Aktie für fünf Jahre ausübbar. Das Unternehmen beruft sich auf Ausnahmen von den formalen Bewertungsanforderungen für insiderbezogene Transaktionen.
- Potential to raise up to US$1,000,000 through private placement
- Issuance of warrants to creditors may reduce immediate cash obligations
- Use of proceeds for working capital and debt repayment could improve financial position
- Potential dilution of existing shareholders due to new share issuance
- Reliance on exemptions from formal valuation requirements for insider-related transactions
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2024) - Lion Copper and Gold Corp. (CSE: LEO) (OTCQB: LCGMF) ("Lion CG", or the "Company") is pleased to announce that it is offering on a non-brokered private placement up to 22,222,222 units (each, a "Unit") at a price of US
Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of US
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
The Company further announces that it has issued an aggregate of 41,707,215 common share purchase warrants of the Company to certain creditors, including insiders, that previously received common shares of the Company pursuant to a debt settlement announced by the Company on March 8, 2024. Creditors in that debt settlement transaction received either shares only, or units each consisting of a share and a warrant. In order to ensure all creditors receive equal consideration for their debt settlements, the Company agreed to issue warrants to creditors that previously received shares only, including insiders of the Company, provided such issuance was not restricted by stock exchange rules. Each warrant is exercisable into one common share of the Company at a price of US
About Lion CG
Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship copper projects at Yerington, Nevada through an Option to Earn-in Agreement with Nuton LLC, a Rio Tinto Venture.
Further information can be found at www.lioncg.com
On behalf of the Board of Directors
Steven Dischler
Chief Executive Officer
775-463-9600
For more information please contact:
Email: info@lioncg.com
Website: www.lioncg.com
This news release includes forward-looking statements within the meaning of applicable securities laws. Except for statements of historical fact, any information contained in this news release may be a forward‐looking statement that reflects the Company's current views about future events and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward‐looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "target," "seek," "contemplate," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. Although the Company believes that it has a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. The Company cannot assure that the actual results will be consistent with these forward-looking statements. These forward‐looking statements speak only as of the date of this news release and the Company undertakes no obligation to revise or update any forward-looking statements for any reason, even if new information becomes available in the future.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223969
FAQ
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