Lion One Announces Closing of Upsized Sidecar Private Placement
Lion One Announces Closing of Upsized
Sidecar Private Placement
North Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) -
Lion One Metals Limited
(TSXV: LIO) (OTCQX: LOMLF)
("
Lion One
" or the "
Company
") is pleased to announce that it has
closed its previously announced and upsized non-brokered sidecar private placement for gross
proceeds of $8,310,245.44 (the "
Sidecar Private Placement
").
The Sidecar Private Placement was
completed in addition to the Company's recently completed non-brokered private placement pursuant to
the listed issuer financing exemption available under National Instrument 45-106 -
Prospectus
Exemptions
for aggregate gross proceeds of $25,000,000 (the "
LIFE Offering
").
Pursuant to the closing of the Sidecar Private Placement, the Company issued an aggregate of
25,969,517 units (the "
Offered Units
") at a price of $0.32 per Offered Unit (the "
Issue Price
").
Pursuant
to the Sidecar Private Placement and the LIFE Offering, the Company has raised aggregate gross
proceeds of $33,632,005.12, representing the issuance of an aggregate of 105,100,016 Offered Units
at the Issue Price. Each Offered Unit issued pursuant to the Sidecar Private Placement and the LIFE
Offering consisted 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.
Lion One's CEO Ian Berzins stated: "We're very pleased with the overwhelming demand we received for
this upsized LIFE Offering and Sidecar Private Placement. This demand represents a strong vote of
confidence in Lion One. With the completion today of the Sidecar Private Placement, we can now
accelerate the purchase of several key pieces of underground mobile equipment which will enable us to
further increase mine development and production at Tuvatu. We can also ensure the completion of the
flotation plant in Q1 2026, which will increase our gold recoveries to over 90%. The Company is well
positioned to take advantage of the strong gold price environment and we're very excited for what lies
ahead as we continue to ramp up development and production at Tuvatu."
The Company intends to use the net proceeds from the LIFE Offering and the Sidecar Private
Placement 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.
In connection with the Sidecar Private Placement, the Company paid aggregate finder's fees of
$635,904 in cash and issued 1,987,200 finders warrants (the "
Finder's Warrants
") to Canaccord
Genuity Corp., Ventum Financial Corp., Golden Capital Consulting Ltd. and Hasselbom Forvaltning AB,
in accordance with the policies of the TSX Venture Exchange (the "
TSX-V
") representing a cash
commission equal to 8% of the gross proceeds raised from purchasers introduced to the Company by
eligible finders and 8% of the aggregate number of Offered Units sold to purchasers introduced to the
Company by eligible finders.
In lieu of receiving $321,760 in cash, one finder received 1,005,500
Offered Units at the Issue Price, which Offered Units are included in the total number of Offered Units
issued pursuant to the Sidecar Private Placement. Each of the Finder's Warrants will entitle the holder to
purchase one Common Share at an exercise price of $0.32 per Finder's Warrant exercisable for a
period of two years from the date of issuance of such Finder's Warrant.
Listing of the Common Shares issued and issuable pursuant to the Sidecar Private Placement and the
LIFE Offering remains subject to final acceptance of the TSX-V. The securities issued under the Sidecar
Private Placement are subject to a Canadian statutory hold period of four months and one day from the
date of issuance. The securities issued under the LIFE Offering are not subject to Canadian resale
restrictions. The Finder's Warrants and any Common Shares issuable on exercise thereof are subject to
a Canadian statutory hold period of four months and one day.
For further information regarding the LIFE Offering, please see the Company's news releases dated
October 20, 2025, and September 24, 2025, available on the Company's profile on SEDAR+ at
www.sedarplus.ca
.
Certain subscribers under the Sidecar Private Placement are members of management of the
Company. The issuance of Offered Units to management of the Company constitutes a "related party
transaction" as defined under Multilateral Instrument 61-101 ("
MI 61-101
"). This transaction is exempt
from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair
market value of any securities issued or the consideration paid by such persons will exceed 25% of the
Company's market capitalization. The Company did not file a material change report in respect of the
related party transaction 21 days prior to the closing of the Sidecar Private Placement as the details of
the participation of insiders of the Company had not been confirmed at that time.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with
new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The
Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the
Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the
entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration
targets.
On behalf of the Board of Directors of
Lion One Metals Limited
"
Walter Berukoff
"
Chairman of the Board
For further information
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email:
Website:
www.liononemetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. All statements other than statements of historical fact may be
forward-looking statements or information. Forward-looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words
referring to future events and results. The forward-looking statements and information are based on
certain key expectations and assumptions made by management of the Company. Forward-looking
statements made in this news release include statements regarding the anticipated use of proceeds of
the LIFE Offering and the Sidecar Private Placement, the focuses of the Company following
completion of the LIFE Offering and Sidecar Private Placement and the final approval of the TSX-V.
Although management of the Company believes that the expectations and assumptions on which
such forward-looking statements and information are based are reasonable, undue reliance should
not be placed on the forward-looking statements and information since no assurance can be given
that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information
about the current expectations and plans of management of the Company relating to the future.
Readers are cautioned that reliance on such statements and information may not be appropriate for
other purposes, such as making investment decisions. Actual results could differ materially from
those currently anticipated due to a number of factors and risks, including, the timing of TSX-V
approval; with respect to the use of proceeds, the sufficiency of the proceeds; the speculative nature of
mineral exploration and development; fluctuating commodity prices; and competition, as described in
more detail in our recent securities filings available at
www.sedarplus.ca
.
Accordingly, readers should
not place undue reliance on the forward-looking statements and information contained in this news
release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking
statements and information contained in this news release are made as of the date hereof and no
undertaking is given to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so required by applicable
securities laws. The forward-looking statements or information contained in this news release are
expressly qualified by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/271752