Lion Copper announces US$1M private placement and issues 41.7M warrants to creditors

LION COPPER & GOLD CORP.

Non-brokered private placement of up to 22.2M units at US$0.045/unit for gross proceeds up to US$1M.
Each unit consists of one common share and one warrant exercisable at US$0.06 for five years.
Net proceeds used for working capital and debt repayment.
Also issued 41.7M warrants to certain creditors at US$0.056 exercise price, five-year term.
Warrants issued to level consideration for prior debt settlement with creditors, including insiders.

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