Lion One Announces $2 Million Sidecar Private Placement
Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) has announced a non-brokered private placement of up to 5,405,405 units at $0.37 per unit, aiming to raise up to $2 million. Each unit includes one common share and one warrant, exercisable at $0.50 per share within 36 months. This Sidecar Private Placement complements the previously announced $10 million LIFE Offering, bringing the total expected gross proceeds to $11,999,999.80. The funds will be used for working capital and general corporate purposes. The placement may involve company directors and management, constituting a related party transaction but exempt from certain requirements due to its size relative to the company's market capitalization.
Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) ha annunciato un collocamento privato non intermediato fino a 5.405.405 unità a $0,37 per unità, con l'obiettivo di raccogliere fino a $2 milioni. Ogni unità comprende un'azione ordinaria e un warrant, esercitabile a $0,50 per azione entro 36 mesi. Questo Collocamento Privato Sidecar si aggiunge all'offerta LIFE già annunciata di $10 milioni, portando il totale previsto a $11.999.999,80. I fondi saranno utilizzati per capitale circolante e scopi aziendali generali. Il collocamento potrebbe coinvolgere i dirigenti e la direzione dell'azienda, costituendo una transazione con parti correlate, ma esente da determinate requisiti a causa della sua dimensione rispetto alla capitalizzazione di mercato dell'azienda.
Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) ha anunciado una colocación privada no intermediada de hasta 5,405,405 unidades a $0.37 por unidad, con el objetivo de recaudar hasta $2 millones. Cada unidad incluye una acción ordinaria y un warrant, ejercitable a $0.50 por acción dentro de 36 meses. Esta Colocación Privada Sidecar complementa la oferta LIFE previamente anunciada por $10 millones, elevando el total esperado a $11,999,999.80. Los fondos se utilizarán para capital de trabajo y propósitos corporativos generales. La colocación puede involucrar a directores y gerentes de la empresa, constituyendo una transacción con partes relacionadas, pero exenta de ciertos requisitos debido a su tamaño en relación con la capitalización de mercado de la empresa.
라이온 원 메탈스 (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF)는 최대 5,405,405 유닛의 사모 배치를 단순 중개 없이 유닛당 $0.37에 발표하며 최대 $200만을 모금할 계획입니다. 각 유닛에는 보통주 1주와 36개월 이내에 주당 $0.50로 행사 가능한 워런트 1개가 포함되어 있습니다. 이 사이드카 사모 배치는 이전에 발표된 $1,000만 LIFE 오퍼링을 보완하여 총 예상 총 수익을 $11,999,999.80로 끌어올립니다. 자금은 운전 자본 및 일반 기업 목적에 사용될 예정입니다. 이 배치에는 회사의 이사 및 경영진이 포함될 수 있으며, 시장 자본화에 비해 그 규모로 인해 특정 요건에서 면제될 수 있는 관련 당사자 거래입니다.
Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) a annoncé un placement privé sans intermédiaire d'un maximum de 5.405.405 unités au prix de 0,37 $ par unité, visant à lever jusqu'à 2 millions de dollars. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,50 $ par action dans un délai de 36 mois. Ce Placement Privé Sidecar complète l'offre LIFE précédemment annoncée de 10 millions de dollars, portant le total des revenus bruts attendus à 11.999.999,80 $. Les fonds seront utilisés pour le fonds de roulement et les objectifs d'entreprise généraux. Le placement peut impliquer des directeurs et la direction de l'entreprise, constituant une transaction entre parties liées, mais exonérée de certaines exigences en raison de sa taille par rapport à la capitalisation boursière de l'entreprise.
Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) hat eine nicht vermittelte Privatplatzierung von bis zu 5.405.405 Einheiten zu je $0,37 pro Einheit angekündigt, mit dem Ziel, bis zu $2 Millionen zu sammeln. Jede Einheit umfasst eine Stammaktie und ein Warrant, das innerhalb von 36 Monaten zu $0,50 pro Aktie ausgeübt werden kann. Diese Sidecar-Privatplatzierung ergänzt das bereits angekündigte LIFE-Angebot über $10 Millionen und erhöht die insgesamt erwarteten Bruttoeinnahmen auf $11.999.999,80. Die Mittel werden für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Die Platzierung könnte Unternehmensleiter und Management einbeziehen, was eine Transaktion mit nahestehenden Personen darstellt, jedoch aufgrund ihrer Größe im Verhältnis zur Marktkapitalisierung des Unternehmens von bestimmten Anforderungen befreit ist.
- Raised additional $2 million through private placement
- Total expected gross proceeds increased to $11,999,999.80
- Warrants provide potential for future capital at $0.50 per share
- Potential dilution of existing shareholders
- Related party transactions may raise governance concerns
North Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) ("Lion One" or the "Company"), is pleased to announce that in response to market demand, it has arranged, subject to the approval of the TSX Venture Exchange ("TSX-V"), a non-brokered private placement (the "Sidecar Private Placement") of up to 5,405,405 units (the "Units") at a price of
The Sidecar Private Placement reflects the same terms as the previously announced
The Sidecar Private Placement is expected to complete concurrently with the LIFE Offering. In aggregate, under the LIFE Offering and the Sidecar Private Placement the Company expects to issue 32,432,432 Units for gross proceeds of
Certain subscribers under the Sidecar Private Placement are expected to be directors and management of the Company. The issuance of Units to directors and management of the Company will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61- 101"). The transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued or the consideration paid by such persons will exceed
The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the "United States" (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its
On behalf of the Board of Directors of
Lion One Metals Limited
"Walter Berukoff"
Chairman and CEO
For further information
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company. Forward-looking statements made in this news release include statements regarding anticipated completion of the Sidecar Private Placement and the Offering, and the proposed use of proceeds of the Sidecar Private Placement and the Offering. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, with respect to the Sidecar Private Placement and the Offering, the conditions of the financial markets, availability of financing, timeliness of completion of the Sidecar Private Placement and the Offering, and the timing of TSX Venture Exchange approval; and with respect to the use of proceeds, the sufficiency of the proceeds, the speculative nature of mineral exploration and development, fluctuating commodity prices, and competitive, as described in more detail in our recent securities filings available at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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FAQ
What is the price per unit in Lion One Metals' (LOMLF) Sidecar Private Placement?
How much is Lion One Metals (LOMLF) aiming to raise through the Sidecar Private Placement?
What is the exercise price of the warrants in Lion One Metals' (LOMLF) private placement?
What is the total expected gross proceeds from both the LIFE Offering and Sidecar Private Placement for Lion One Metals (LOMLF)?
