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Lion One Announces Non-Brokered LIFE Offering of Units
North Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Lion One Metals Limite...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Announces Non-Brokered LIFE Offering of UnitsNorth Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (\"Lion One\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 46,875,000 units (the \"Offered Units\") at a price of $0.32 per Offered Unit (the \"Issue Price\") for aggregate gross proceeds of up to $15,000,000, pursuant to the listed issuer financing exemption available under National Instrument 45-106 - Prospectus Exemptions (the \"LIFE Offering\"), in each of the Provinces 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 Share at an exercise price of $0.42 for a period of three years from the date of issuance. The Company will make available an offering document relating to the LIFE Offering (the \"Offering Document\") which will be accessible under the Company's profile at www.sedarplus.ca and at https://liononemetals.com. Prospective investors in the LIFE Offering should read the Offering Document before making an investment decision.The Company also announces that it has entered into a forbearance agreement (the \"Forbearance Agreement\") with its senior secured lenders Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, \"Nebari\") pursuant to which Nebari has agreed to waive the application of the working capital covenant under the Company's loan facility. With the maturity of the Tranche 1 Facility upcoming in August 2026, the Tranche 1 Facility is now classified as a current liability for accounting purposes which impacted the Company's working capital covenant. The Forbearance Agreement extends to December 31, 2025 and is subject to ongoing compliance covenants of the Company, including the raising of capital to ensure the timely repayment of the Tranche 3 Facility and accrued interest on September 30, 2025, which is expected to be satisfied by the LIFE Offering. The Company intends to use the net proceeds from the LIFE Offering to fund the development of the Company's 100% owned and fully permitted high grade Tuvatu Gold Project, ...