Lion One Announces $2 Million Sidecar Private Placement
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Lion One Metals Limited has announced a $2 million non-brokered private placement to meet market demand. The placement involves issuing up to 5,882,353 units at $0.34 per unit, each consisting of one common share and one warrant, exercisable at $0.41 per share.
February 07, 2025 | 3:45 am
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Lion One Metals Limited is conducting a $2 million private placement to issue up to 5,882,353 units at $0.34 each, including warrants exercisable at $0.41. This move is in response to market demand and is subject to TSX-V approval.
The private placement indicates strong market demand and provides Lion One with additional capital, which could be used for growth or operational needs. The issuance of warrants also suggests potential future equity raising, which could be positive for the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100