BULLETIN V2024-0596
LION ONE METALS LIMITED ("LIO")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: February 23, 2024
TSX Venture Tier 1 Company
The Company's Short Form Base Shelf Prospectus dated May 13, 2022, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario) on May 13, 2022. The TSX Venture Exchange (the "Exchange") has also accepted the filing of the Company's Prospectus Supplement dated February 09, 2024, related to the offering of units of the Company described below.
The Exchange has been advised that closing occurred on February 14, 2024, for gross proceeds of $12,075,000.
Offering: 24,150,000 units (including full exercise of the over-allotment option).
Each unit consisting of one share and one common share purchase
warrant.
Unit Price: $0.50 per unit
Warrant Exercise Price /Term: $0.65 for a period of 36 months from closing
Underwriters': Cantor Fitzgerald Canada Corp., Canaccord Genuity Corp., Eight Capital and Raymond James Ltd.
Underwriters' Commission: A cash payment of $724,500
Underwriter' Warrants 1,449,000 broker warrants
Over-allotment Option: 3,150,000 units
For further information, please refer to the Company's Short Form Base Shelf Prospectus dated May 13, 2022, the Prospectus Supplement dated February 09, 2024, and the news releases dated February 07, 2024, February 14, 2024, February 15, 2024, which are available under the Company's SEDAR+ profile.
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