secwatch.observer — SEC 8-K summary
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Issuer:     LION COPPER & GOLD CORP. (LCGMF)
CIK:        0001339688
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001062993-24-006395
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lion Copper and Gold completes $1M private placement and $1.92M debt settlement via shares and warrants
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- Completed private placement: 23,809,522 units at $0.042/unit for $1M gross, each with a 5-yr warrant at $0.056.
- Settled $1,924,239 of debt by issuing 4,107,998 units and 41,707,215 shares at $0.042 per share.
- Director Tony Alford acquired ~35.9M shares (debt settlement) and ~9.8M units (placement), now ~27.6% undiluted.
- Securities have 4-month Canadian hold and US restrictions; proceeds for working capital.
- Proposed refinance of up to $3.95M of 14% convertible debentures into new 20% debentures or shares for debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1339688/000106299324006395/0001062993-24-006395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1339688/000106299324006395/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-006395

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