Lion One Metals upsizes LIFE offering of units by $5M

* Lion One Metals (TSXV:LIO:CA [https://seekingalpha.com/symbol/LIO:CA]) has increased the size of its previously announced non-brokered private placement for gross proceeds of $15M to $20M.
* The upsized LIFE offering will consist of an offering of up to 62.5M units at $0.32/Unit.
* Each offered unit will consist of 1 share of the company and 1 share purchase warrant.
* Each warrant will entitle the holder thereof to acquire one share at an exercise price of $0.42 for a period of three years from the date of issuance.
* Lion One intends to use the net proceeds from the LIFE offering to fund the development of 100% owned and fully permitted high grade Tuvatu Gold Project, repayment of principal and interest for loan facility with Nebari, and for working capital purposes.
* The LIFE Offering is expected to close on or around September 23, 2025.
* Source: Press release [https://seekingalpha.com/pr/20230292-lion-one-announces-upsize-of-life-offering-for-gross-proceeds-of-up-to-20-million]

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