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Lion One Announces Further Upsize of LIFE Offering for Gross Proceeds of up to $25 Million
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 Further Upsize of LIFE Offering for Gross Proceeds of up to $25 MillionNOT 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 7, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (\"Lion One\" or the \"Company\") is pleased to announce that as a result of further investor demand, the Company has increased the size of its previously announced non-brokered private placement for gross proceeds of $20,000,000 to gross proceeds of $25,000,000 (the \"LIFE Offering\"). The upsized LIFE Offering will consist of an offering of up to 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, in each of the provinces and territories of Canada other than Quebec. Each Offered Unit will consist 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 initially announced the LIFE Offering on September 9, 2025 and previously upsized the LIFE Offering from gross proceeds of $15,000,000 to gross proceeds of $20,000,000 on September 12, 2025. On September 24, 2025, the Company closed the first tranche of the LIFE Offering (the \"First Tranche\") for gross proceeds of $18,715,153. Pursuant to the First Tranche, the Company issued 58,484,853 Offered Units at the Issue Price plus an additional 984,375 Offered Units at the Issue Price in lieu of paying a $315,000 cash finder's fee to one finder. The second tranche of the LIFE Offering (the \"Second Tranche\") is expected to close on or around October 15, 2025. Closing of the Second Tranche will consist of the issuance of up to a further 18,655,772 Offered Units for further gross proceeds of up to $5,969,847.04.There is an amended offering document relating to the LIFE Offering (the \"Second Amended Offering Document\") that can be accessed under the Company's profile at www.sedarplus.ca and at https://liononemetals...