other material
confidence high
sentiment neutral
materiality 0.50
Lion Copper closes US$1.1M private placement; director Alford increases stake
LION COPPER & GOLD CORP.
- Issued 25,155,554 units at US$0.045/unit for gross proceeds of US$1,132,000.
- Each unit: one common share and one warrant exercisable at US$0.06 until Nov 8, 2029.
- Proceeds for working capital and repayment of convertible debentures.
- Director Tony Alford acquired 14M units (US$630,000), raising undiluted ownership from 29.33% to 30.94%.
- Partially diluted stake increased from 38.56% to 41.23% after placement.