LION ONE METALS LIMITED ("LIO")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: December 12, 2019
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 14, 2019:
Number of Shares: 14,375,000 shares
Purchase Price: $0.80 per share
Warrants: 14,375,000 share purchase warrants to purchase 14,375,000 shares
Warrant Exercise Price: $1.20 for an eighteen-month period
Number of Placees: 80 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 100,000
[4 Placees]
Agent's Fee: Echelon Wealth Partners Inc. - $207,000 cash and 301,875 Compensation Options
Eight Capital Corp. - $207,000 cash and 301,875 Compensation Options
Red Cloud Securities - $103,500 cash and 129,375 Compensation Options
Scarsdale Equities LLC - $103,500 cash and $129,375 Compensation Options
Each Compensation consists of one common share and one warrant. Each non-transferable warrant is exercisable into one common share at a price of $1.20 for a period of eighteen months.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated December 6, 2019 announcing the closing of the private placement and setting out the expiry dates of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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