debt
confidence high
sentiment neutral
materiality 0.55
Lion Copper completes convertible debenture restructuring, issues $941,813 at 20% interest
LION COPPER & GOLD CORP.
- Issued $941,813 in 12-month convertible debentures at 20% p.a., convertible at $0.06 per share.
- Holders received 15,696,883 warrants exercisable at $0.06 for 12 months.
- Additional $259,000 of original debentures converted into 3,500,000 common shares.
- Insiders participated for $373,033; relied on MI 61-101 exemptions for related-party transaction.
- Debentures replace maturing 2022 and 2023 debentures; subject to TSX-V approval and hold periods.