NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Lion One Metals Limited (TSX-V: LIO) (OTCQX:
LOMLF) (ASX: LLO) (“Lion One” or the
“Company“) is pleased to announce that it has
entered into an agreement with Eight Capital and Canaccord Genuity
Corp., as co-lead underwriters and joint bookrunners (the
“Underwriters“), pursuant to which the
Underwriters have agreed to purchase, on a “bought deal”
basis,16,240,000 units of the Company (the
“Units“) at a price of C$0.77 per Unit (the
“Issue Price”), for total gross proceeds of
C$12,504,800 (the “Offering“).
Each Unit will consist of one common share (a
“Common Share”) in the capital of the Company and
one-half (1/2) of one common share purchase warrant (each whole
common share purchase warrant, a “Warrant”) of the
Company. Each Warrant shall be exercisable to acquire one Common
Share (a “Warrant Share”) at a price per Warrant
Share of C$1.05 for a period of 36 months from the closing date of
the Offering.
If, following the closing of the Offering, the
volume weighted average trading price of the Common Shares on the
principal exchange on which the Shares are listed for any 20
consecutive trading days equals or exceeds C$1.75, the Company may,
upon providing written notice to the holders of Warrants,
accelerate the expiry date of the Warrants to the date that is 30
days following the date of such written notice
In addition, the Company has agreed to grant the
Underwriters an option (the “Over-Allotment
Option”), exercisable in whole or in part, for a period of
30 days after the closing of the Offering, to purchase up to an
additional 15% of the number of Units sold pursuant to the
Offering, on the same terms as the Offering, to cover
over-allotments and for market stabilization purposes.
The net proceeds from the sale of the Units will
be used for exploration and development of the Company’s Tuvatu
Gold Project, as well as working capital and general corporate
purposes.
The Units will be offered by way of a prospectus
supplement (the “Prospectus Supplement”) to the
Company’s base shelf prospectus dated May 13, 2022. The Prospectus
Supplement will be filed in Alberta, British Columbia and Ontario
and, together with the related base shelf prospectus, will be
available on SEDAR at www.sedar.com.
Closing of the Offering is expected to take
place on or about September 28, 2022 and is subject to certain
conditions including, but not limited to the receipt of all
applicable regulatory approvals including approval of the TSX
Venture Exchange.
The securities offered in the Offering have not
been, and will not be, registered under the U.S. Securities Act or
any U.S. state securities laws, and may not be offered or sold in
the United States or to, or for the account or benefit of, United
States persons absent registration or any applicable exemption from
the registration requirements of the U.S. Securities Act and
applicable U.S. state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor will there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Lion One Metals
Limited
Lion One’s flagship asset is 100% owned, fully
permitted high grade Tuvatu Alkaline Gold Project, located on the
island of Viti Levu in Fiji. Lion One envisions a low-cost
high-grade underground gold mining operation at Tuvatu coupled with
exciting exploration upside inside its tenements covering the
entire Navilawa Caldera, an underexplored yet highly prospective
7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff
leads an experienced team of explorers and mine builders and has
owned or operated over 20 mines in 7 countries. As the founder and
former CEO of Miramar Mines, Northern Orion, and La Mancha
Resources, Walter is credited with building over $3 billion of
value for shareholders.
On behalf of the Board of Directors
ofLion One Metals Limited“Walter
Berukoff”Chairman and CEO
For further
informationContact Investor RelationsToll
Free (North America) Tel:
1-855-805-1250Email: info@liononemetals.comWebsite: www.liononemetals.com
Neither the TSX Venture Exchange nor its
Regulation Service Provider accepts responsibility for the adequacy
or accuracy of this release.
This press release may contain statements that
may be deemed to be “forward-looking statements” within the meaning
of applicable Canadian securities legislation. All statements,
other than statements of historical fact, included herein are
forward looking information. Generally, forward-looking information
may be identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “proposed”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases, or by the use of words or
phrases which state that certain actions, events or results may,
could, would, or might occur or be achieved. This forward-looking
information reflects Lion One Metals Limited’s current beliefs and
is based on information currently available to Lion One Metals
Limited and on assumptions Lion One Metals Limited believes are
reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or
better than estimated results in technical reports, assessment
reports, and other geological reports or prior exploration results.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Lion One Metals
Limited or its subsidiaries to be materially different from those
expressed or implied by such forward-looking information. Such
risks and other factors may include, but are not limited to: the
stage development of Lion One Metals Limited, general business,
economic, competitive, political and social uncertainties; the
actual results of current research and development or operational
activities; competition; uncertainty as to patent applications and
intellectual property rights; product liability and lack of
insurance; delay or failure to receive board or regulatory
approvals; changes in legislation, including environmental
legislation, affecting mining, timing and availability of external
financing on acceptable terms; not realizing on the potential
benefits of technology; conclusions of economic evaluations; and
lack of qualified, skilled labour or loss of key individuals.
Although Lion One Metals Limited has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. Lion One
Metals Limited does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
Lion One Metals (TSXV:LIO)
過去 株価チャート
から 11 2024 まで 12 2024
Lion One Metals (TSXV:LIO)
過去 株価チャート
から 12 2023 まで 12 2024
