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Lion One Announces Pricing of $7.5 Million Overnight Marketed Public Offering
Lion One Announces Pricing of $7.5 Million Overnight Marketed Public Offering Canada Ne...
About this update from Lion One Metals Limited
[{"type":"text","content":"\n\n\n\n Lion One Announces Pricing of $7.5 Million Overnight Marketed Public Offering\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT 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\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n NORTH VANCOUVER, BC\n \n\n ,\n \n\n Feb. 6, 2025\n \n\n /CNW/ -\n \n Lion One Metals Limited\n \n (TSXV: LIO) (OTCQX: LOMLF) (\"\n \n Lion One\n \n \" or the \"\n \n Company\n \n \") is pleased to announce pricing and terms of its previously announced overnight marketed underwritten offering (the \"Offering\") of 22,058,824 units (each a \"Unit\") of the Company (the \"Offered Units\") at a public offering price of\n \n C$0.34\n \n for aggregate gross proceeds of\n \n C$7,500,000\n \n .\n \n\n Stifel Nicolaus Canada Inc. is acting as lead underwriter and sole bookrunner (the \"\n \n Lead Underwriter\n \n \"), on behalf of a syndicate of underwriters (collectively with the Lead Underwriter, the \"\n \n Underwriters\n \n \"). The Company has agreed to grant the Underwriters an over-allotment option exercisable, in whole or in part, in the sole discretion of the Lead Underwriter, to purchase up to an additional 15% of the number of Offered Units sold in the Offering for up to 30 days after the closing, on the same terms and conditions as the Offering\n \n\n Each Unit will consist of one (1) common share of the Company (a \"\n \n Share\n \n \") plus one (1) common share purchase warrant (each a whole common share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Share (a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n C$0.41\n \n for 36 months following the closing of the Offering.\n \n\n The net proceeds received by the Company from the sale of the Offered Units will be used for development and exploration expenditures at the Company's projects in\n \n Fiji\n \n , working capital and for general cor...