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Lion One Announces Upsize of LIFE Offering for Gross Proceeds of up to $20 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 Upsize of LIFE Offering for Gross Proceeds of up to $20 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 STATES.North Vancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (\"Lion One\" or the \"Company\") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement for gross proceeds of $15,000,000 to gross proceeds of $20,000,000 (the \"LIFE Offering\"). The upsized LIFE Offering will consist of an offering of up to 62,500,000 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. There is an amended offering document relating to the LIFE Offering (the \"Amended Offering Document\") that can be accessed under the Company's profile at www.sedarplus.ca and at https://liononemetals.com. Prospective investors in the LIFE Offering should read the Amended Offering Document before making an investment decision.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, repayment of principal and interest for the Company's loan facility with Nebari, and for working capital purposes.The LIFE Offering is expected to close on or around September 23, 2025. Closing of the LIFE Offering is subject to certain customary conditions including receipt of all necessary approvals including satisfaction of listing conditions of the TSX Venture Exchange (\"TSXV\"). The LIFE Offering may be closed in one or more tranches. The securities offered under the LIFE Offering will not be subject to Canadian resale restriction...