LOMLF - Lion One Announces $7.5M Brokered Private Placement | Benzinga
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NORTH VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSXV:LIO) (OTCQX:LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has entered into an agreement with Eight Capital as lead agent (the "Agent") and sole bookrunner in connection with a "best efforts" private placement of up to 20,271,000 units of the Company (the "Units") at a price of $0.37 per Unit (the "Issue Price") for aggregate gross proceeds of up to $7,500,270, pursuant to the listed issuer financing exemption available under National Instrument 45-106 – Prospectus Exemptions (the "Offering"), in each of the Provinces of Canada other than Quebec. Each Unit will consist of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share at an exercise price of $0.50 for a period of three years from the date of issuance.
The Company will make available an offering document relating to the Offering (the "Offering Document") which will be accessible under the Company's profile at www.sedarplus.ca and at https://liononemetals.com. Prospective investors in the Offering should read the Offering Document before making an investment decision.
The Offering is expected to close on or around July 26, 2024 (the "Closing Date"). Closing of the Offering is subject to certain customary conditions including receipt of all necessary approvals including satisfaction of listing conditions of the TSX Venture Exchange. The Company has granted the Agent an option to offer for sale up to ...