Source: Lion One Metals Limited
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  • Lion One Metals (LIO) has closed a bought deal offering for gross proceeds of $13,357,960
  • The company issued 17,348,000 units at $0.77 per unit
  • The net proceeds from the sale will be used for the exploration and development of the company’s Tuvatu Gold Project
  • Lion One Metals is a mineral exploration and development company
  • Lion One Metals Limited (LIO) opened trading at $0.68

Lion One Metals (LIO) has closed its previously announced bought deal offering for gross proceeds of $13,357,960.

The company issued 17,348,000 units at $0.77 per unit. Each unit consists of a common share and one-half of one common share purchase warrant.  Each whole share purchase warrant can be exercised to acquire an additional common share at a price of $1.05 for a period of 36 months.

Warrants are subject to an acceleration clause.

Lion One issued 1,040,880 compensation warrants.

The net proceeds will be used for the exploration and development of the company’s Tuvatu Gold Project in Fiji.

Lion One Metals is a mineral exploration and development company whose flagship asset is 100 per cent owned, fully permitted high-grade Tuvatu Alkaline Gold Project, located in Fiji.

Lion One Metals Limited (LIO) opened trading at $0.68.


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