Lion One Provides Update on Warrant Listing
Lion One Provides Update on Warrant Listing
North Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) -
Lion One Metals Limited
(TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) ("Lion One" or the "Company")
announces that the
share purchase warrants (the "
Warrants
") issued on May 11, 2023 pursuant to its bought deal offering
(the "
Offering
") of 29,350,000 units of the Company at a price of $0.92 per Unit for aggregate gross
proceeds of $27,002,000 will be listed on the TSX Venture Exchange under the trading symbol
"LIO.WT".
The Warrants are expected to commence trading on May 15, 2023.
Each Warrant is exercisable to acquire one common share of the Company at a price of C$1.25 until
5:00 pm (Vancouver time) on November 11, 2025.
The Warrants are not subject to any accelerator
provision that would enable the Company to accelerate the expiry date.
About Lion One Metals Limited
Lion One's flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project,
located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold
mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the
entire Navilawa Caldera, an underexplored yet highly prospective 7 km diameter alkaline gold system.
Lion One's CEO Walter Berukoff leads an experienced team of explorers and mine builders and has
owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines,
Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for
shareholders.
On behalf of the Board of Directors of
Lion One Metals Limited
"
Walter Berukoff
"
Chairman and CEO
For further information
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email:
Website:
www.liononemetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility
for the adequacy or accuracy of this release.
This press release may contain statements that may
be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein are forward looking
information. Generally, forward-looking information may be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases, or by the use of words or phrases which state that certain
actions, events or results may, could, would, or might occur or be achieved. This forward-looking
information reflects Lion One Metals Limited's current beliefs and is based on information currently
available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are
reasonable. These assumptions include, but are not limited to, the actual results of exploration
projects being equivalent to or better than estimated results in technical reports, assessment reports,
and other geological reports or prior exploration results. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially
different from those expressed or implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: the stage development of Lion One Metals Limited, general
business, economic, competitive, political and social uncertainties; the actual results of current
research and development or operational activities; competition; uncertainty as to patent applications
and intellectual property rights; product liability and lack of insurance; delay or failure to receive board
or regulatory approvals; changes in legislation, including environmental legislation, affecting mining,
timing and availability of external financing on acceptable terms; not realizing on the potential benefits
of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key
individuals. Although Lion One Metals Limited has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or intended. Accordingly,
readers should not place undue reliance on forward-looking information. Lion One Metals Limited
does not undertake to update any forward-looking information, except in accordance with applicable
securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/165812