LION ROCK Closes $1M Financing
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1615
Vancouver, BC, V6C 3L6
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
LION ROCK CLOSES $1M FINANCING
Vancouver, British Columbia – March 12, 2024 – Lion Rock Resources Inc. (TSX-V: ROAR), (FSE:
KGB) (the “Company” or “Lion Rock”) is pleased to announce that it has closed its previously announced
non-brokered private placement of 10,000,000 units of the Company (the “ Units”) at a price of $0.10 per
Unit for total gross proceeds of $1,000,000 (the “ Offering”). Each Unit consists of one common share in
the capital of the Company and one non-tr ansferable share purchase warrant (a “ Warrant”), with each
Warrant entitling the holder thereof to acquire one a dditional common share at a price of $0.20 per share
until March 11, 2026.
The Company issued 400,000 common shares and 400,000 share purchase warrants (the “ Finder’s
Warrants”) in payment of finder’s fees with respect to the Offering. Each Finder’s Warrant entitles the
holder thereof to acquire one common share of the Co mpany at a price of $0.20 per share until March 11,
2026.
The common shares and Warrants comprising the Units , the Finder’s Warrants and any common shares
issued on exercise of the Warrants and Finder’s Warrants are subject to a hold period and may not be traded
until July 12, 2024, except as permitted by applicable securities legislation and the rules and policies of the
TSX Venture Exchange.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States
Securities Act of 1933, as amended, and may not be offe red or sold within the United States or to, or for
the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from
the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction
in which such offer, solicitation or sale would be unlawful.
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
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securities legislation and the United States Private Securities Litigation Reform Act of 1995. The words “anticipate,”
“significant,” “expect,” “may,” “will” and similar expressions are intended 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 has applied several material assumptions, including, but not limited to, assumptions that general business
and economic conditions will not change in a materially adverse manner 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 achievements expressed or implied by the Forward-
Looking Information. Such risks and other factors include, among others, risks related to dependence on key
personnel; risks related to 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.
Although 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-Lo oking Information contained in this news release to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events.