8-K
filed August 7, 2023, 7:59 PM ET
ticker LCGMF
CIK 0001339688
other material
confidence high
sentiment neutral
materiality 0.40
Lion Copper & Gold shareholders OK TSX-V delisting, new option plan; director Pressello resigns
LION COPPER & GOLD CORP.
- Shareholders approved delisting from TSX Venture Exchange; vote was 55.7M for, 6.8M against.
- New 20% fixed stock option plan approved; max options 61,913,595, rolling in existing grants.
- Tony Alford authorized to become new control person through warrant exercise or debenture conversion.
- On July 21, 2023, granted 23.2M stock options at $0.06, expiring July 21, 2028, to insiders and consultants.
- Thomas Pressello resigned as director and Audit Committee Chair effective July 28, 2023, citing no disagreement.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Pressello resigned as director at LION COPPER & GOLD CORP..
- Action
- resigned
- Role
- director
Exact text from the filing
Thomas Pressello has resigned from his position as director as of July 28, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LION COPPER & GOLD CORP. shareholders approved Approval of the creation of a new control person at the 2023-06-20 meeting.
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The shareholders approved, on a disinterested vote basis, an ordinary resolution authorizing Tony Alford, a director of the Company, to exercise warrants to purchase common shares and/or convert convertible debentures into common shares that may result in Mr. Alford becoming a new control person of the Company. For: 109,053,631 Against: 11,444,672 Non Voted: 3
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
LION COPPER & GOLD CORP. shareholders approved Approval of the Company's 20% Stock Option Plan at the 2023-06-20 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The shareholders approved the Company's 2023 20% fixed stock option plan. For: 113,055,667 Against: 16,422,955 Non Voted: 47,733,653
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
LION COPPER & GOLD CORP. shareholders approved Approving the delisting from the TSX Venture Exchange at the 2023-06-20 meeting.
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The shareholders approved the delisting of the Company from the TSX Venture Exchange. For: 55,745,496 Against: 6,769,547 Non Voted: 47,733,653
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
LION COPPER & GOLD CORP. shareholders approved Appointment of Auditors at the 2023-06-20 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The shareholders approved the appointment of MNP LLP as auditors of the Company at a remuneration to be fixed by the directors. For: 175,792,914 Withheld/Abstain: 1,419,360 Non Voted: 1
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
LION COPPER & GOLD CORP. shareholders approved Election of Directors at the 2023-06-20 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The following nominees were elected as directors to serve until the next annual general meeting of the shareholders: Charles Travis Naugle For: 114,555,276 Withheld/Abstain: 14,923,346 Non Voted: 47,733,653 Dr. Thomas Patton For: 117,220,409 Withheld/Abstain: 12,237,380 Non Voted: 47,733,653 Stephen Goodman For: 110,009,274 Withheld/Abstain: 19,469,348 Non Voted: 47,733,653 Tony Alford For: 112,484,100 Withheld/Abstain: 16,994,522 Non Voted: 47,733,653 Thomas Pressello For: 121,330,275 Withheld/Abstain: 8,148,347 Non Voted: 47,733,653
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
LION COPPER & GOLD CORP. shareholders approved Fix the number of directors at five at the 2023-06-20 meeting.
- Outcome
- passed
- Meeting
- 2023-06-20
Exact text from the filing
The shareholders approved the number of directors to be fixed at five. For: 165,261,142 Against: 11,951,132 Non Voted: 1
View on SEC.gov
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