other material
confidence high
sentiment positive
materiality 0.60
Lion Copper receives US$5M from Nuton, proposes early debt repayment, grants 17.16M options
LION COPPER & GOLD CORP.
- Received US$5M additional funding from Nuton (Rio Tinto unit) for advanced studies and pre-feasibility at Yerington Copper Project.
- Proposed early cash repayment of US$941,813 convertible debentures by Dec 15, 2024, eliminating debt ahead of Feb 2025 maturity.
- Adopted new rolling stock option plan, reserving up to 20% of issued shares for option grants.
- Granted 17.16M stock options at C$0.085 (US$0.06) per share, expiring 5 years, to directors, officers, employees, and consultants.