Lion One Metals adds $7M Sidecar financing to $25M offering

Published 1 month ago Positive
Lion One Metals adds $7M Sidecar financing to $25M offering
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* Lion One Metals (TSXV:LIO:CA [https://seekingalpha.com/symbol/LIO:CA]) to raise up to $7M via non-brokered Sidecar private placement at $0.32 per unit.
* Sidecar placement adds to previously announced $25M LIFE offering.
* Up to 21.875M units to be issued in Sidecar placement, each with 1 share + 1 warrant.
* Warrants exercisable at $0.42 per share for 3 years.
* First tranche of LIFE offering closed on Sept 24, 2025 for $18.7M.
* Second tranche expected to close on Oct 15, 2025; Sidecar placement on Oct 21, 2025.
* Proceeds to fund Tuvatu Gold Project, loan repayment, and working capital.
* Source: Press release [https://seekingalpha.com/pr/20259923-lion-one-announces-7-million-sidecar-private-placement]

MORE ON LION ONE METALS LIMITED

* Lion One Metals upsizes private placement to $25M amid strong demand [https://seekingalpha.com/news/4502525-lion-one-metals-upsizes-private-placement-to-25m-amid-strong-demand]
* Lion One Metals upsizes LIFE offering of units by $5M [https://seekingalpha.com/news/4494314-lion-one-metals-upsizes-life-offering-of-units-by-5m]
* Financial information for Lion One Metals Limited [https://seekingalpha.com/symbol/LIO:CA/income-statement]