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Lion One Announces Closing of Second Tranche of LIFE Offering and Upsize of Sidecar Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Announces Closing of Second Tranche of LIFE Offering and Upsize of Sidecar Private PlacementNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESNorth Vancouver, British Columbia--(Newsfile Corp. - October 20, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (\"Lion One\" or the \"Company\") is pleased to announce that it has closed the second tranche (the \"Second Tranche\") of its previously announced and upsized non-brokered private placement for aggregate gross proceeds of $25,000,000 (the \"LIFE Offering\"). Pursuant to the closing of the LIFE Offering, the Company issued an aggregate of 78,125,000 units (the \"Offered Units\") at a price of $0.32 per Offered Unit (the \"Issue Price\"), pursuant to the listed issuer financing exemption available under National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Exemption\"). The Second Tranche consisted of the issuance of 18,557,334 Offered Units for gross proceeds of $5,969,847 and represents the maximum amount that the Company can raise at this time pursuant to the LIFE Exemption. Each Offered Unit issued pursuant to the LIFE Offering consisted of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.42 for a period of three years from the date of issuance. The Company is also pleased to announce that as a result of increased investor demand, the Company has further upsized its previously announced non-brokered private placement (the \"Sidecar Private Placement\") from gross proceeds of $7,000,000 to gross proceeds of $9,000,000. The upsized Sidecar Private Placement will consist of an offering of up to 28,125,000 Offered Units at the Issue Price. The upsized Sidecar Private Placement is being completed in addition to the LIFE Offering. Each Offered Unit issued pursuant to the Sidecar Private Placement will be issued on the same financial terms as those Offered Units issued pursuant to the LIFE Offering. The Company expects to close the upsized Sidecar Private Placement on or about October 22, 2025.The Company intends to use the net proceeds from the LIFE Offering and the Sid...