LION ROCK Announces Extension of Warrants
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
LION ROCK ANNOUNCES EXTENSION OF WARRANTS
Vancouver, British Columbia – June 26, 2024 – Lion Rock Resources Inc. (TSX-V: ROAR), (FSE:
KGB1) (the “Company” or “Lion Rock”) announces that it has applied to the TSX Venture Exchange for
approval of an amendment to certain share purchase warrants (the “Warrants”) issued pursuant to a private
placement, by extending the expiry date for one additional year (the “Warrant Amendment”).
The Warrants affected are 3,000,000 share purchase warrants issued on July 8, 2022 with an expiry date of
July 8, 2024 and exercisable at $0.25 per common share. The new expiry date will be July 8, 2025 and the
exercise price shall remain the same. The Company will not be sending out new warrant certificates unless
requested by the holder.
A total of 100,000 Warrants are held by parties consid ered to be “related pa rties” of the Company.
Therefore, the Warrant Amendment constitutes a “r elated party transaction” as contemplated by
Multilateral Instrument 61-101 Prot ection of Minority Shar eholders in Special Transactions, and TSXV
Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from
formal valuation and minority approval requireme nts provided for by these guidelines can be relied upon
as the fair market value of the Warrants held by in siders does not exceed 25% of the market capitalization
of the Company.
The Warrant Amendment is subject to acceptance by the TSX Venture Exchange.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a brownfields expl oration company focused on the Maybrun Copper-Gold
Project in northwestern Ontario, approximately 80 km from New Gold’s Rainy River Gold Mine and 15
km from First Mining Gold’s Cameron Lake Project. The Company also holds pr operties prospective for
lithium in Ontario and Quebec.
On Behalf of the Board
R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward
looking statements” (collectively, “F orward-Looking Information”) within the meaning of applicable Canadian
securities legislation and the United States Private Secu rities Litigation Reform Act of 1995. Forward-Looking
Information includes, but is not limited to, the proposed Warrant Amend. The words “anticipate,” “significant,”
“expect,” “may,” “will” and similar expressions are intend ed to be among the statements that identify Forward-
Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other
factors which may cause the actual results to be materially different from any future results expressed or implied by
the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, the Company
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has applied several material assumptions, including, but not limited to, assumptions that general business and
economic conditions will not change in a materially adverse and all requisite information and regulatory approvals
will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance, or achievements of the Company to be materially
different from any future results, performance or achi evements expressed or implied by the Forward-Looking
Information. Such risks and other factors include, among others, risks related unforeseen delays; availability of
capital and financing; general economic, market or business conditions, regulatory changes; as well as those factors
discussed in the Company's public disclosure record. A lthough the Company has attempted to identify important
factors that could affect the Company and may cause actual actions, events, or results to differ materially from those
described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be
as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law,
the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information
contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.