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Lion One Metals Limited (LIO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.7600-0.0400 (-5.00%)
At close: 03:53PM EDT

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  • F
    FlyingV67
    Gold mining sector is the absolute worst sector to invest in. This is just another sad case of capital destruction. Seen it so many times over the years. No surprise here but it's so frustrating. Oil is a much better commodity trade.
  • D
    David
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  • t
    theubiquitousman
    Management afraid to explain why they had to raise money now on such horrible terms. They presented
    at two major gold conferences, one last week in Beaver Creek and one this week in Co. Springs. Wally
    didn't show, their exp. guy presented. Not a word about this upcoming ,massive, poorly priced dilutive capital raise. There was a slide in the power point saying they had $36 million at 6/30. He did say they were down to , I think, $23 million. Canadian dollars I think.
    Not a word about the financing that was going to happen a day later. Wally too afraid to come out in public.
    Obviously their presentations in front of institutional investors that follow precious metal mining companies, did not impress in the least. Some major like Newmont should take them over for $1 a share. this project
    needs a big company to either move it forward at a faster clip or decide it isn't worth it and dump it.
  • T
    Tom
    More good news. Some close to surface but most very very deep. We'll see how this impacts the share price
  • F
    FlyingV67
    Big Gap down tomorrow coming - Financing at 77 cents. What an absolute joke.


    Lion One Metals Ltd
    Symbol LIO
    Shares Issued 156,421,893
    Close 2022-09-20 C$ 0.86
    Recent Sedar Documents
    View Original Document
    Lion One Metals arranges $12.5-million public offering

    2022-09-20 19:45 ET - News Release

    Mr. Walter Berukoff reports

    LION ONE ANNOUNCES C$12.5 MILLION "BOUGHT DEAL" PUBLIC OFFERING OF UNITS

    Lion One Metals Ltd. has entered into an agreement with Eight Capital and Canaccord Genuity Corp., as co-lead underwriters and joint bookrunners, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 16.24 million units of the company at a price of 77 cents per unit for total gross proceeds of $12,504,800.

    Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant shall be exercisable to acquire one common share at a price per warrant share of $1.05 for a period of 36 months from the closing date of the offering.

    If, following the closing of the offering, the volume weighted average trading price of the common shares on the principal exchange on which the shares are listed for any 20 consecutive trading days equals or exceeds $1.75, the company may, upon providing written notice to the holders of warrants, accelerate the expiry date of the warrants to the date that is 30 days following the date of such written notice

    In addition, the company has agreed to grant the underwriters an option, exercisable in whole or in part, for a period of 30 days after the closing of the offering, to purchase up to an additional 15 per cent of the number of units sold pursuant to the offering, on the same terms as the offering, to cover overallotments and for market stabilization purposes.

    The net proceeds from the sale of the units will be used for exploration and development of the company's Tuvatu gold project, as well as working capital and general corporate purposes.

    The units will be offered by way of a prospectus supplement to the company's base shelf prospectus dated May 13, 2022. The prospectus supplement will be filed in Alberta, British Columbia and Ontario, and, together with the related base shelf prospectus, will be available on SEDAR.

    Closing of the offering is expected to take place on or about Sept. 28, 2022, and is subject to certain conditions, including, but not limited to, the receipt of all applicable regulatory approvals, including approval of the TSX Venture Exchange.

    About Lion One Metals Ltd.

    Lion One's flagship asset is the 100-per-cent-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 seven-kilometre-diameter alkaline gold system. Lion One's chief executive officer, Walter Berukoff, leads an experienced team of explorers and mine builders, and has owned or operated over 20 mines in seven countries. As the founder and former CEO of Miramar Mines, Northern Orion and La Mancha Resources, Mr. Berukoff is credited with building over $3-billion of value for shareholders.

    We seek Safe Harbor.

    © 2022 Canjex Publishing Ltd. All rights reserved.
  • T
    Tom
    Bought in yesterday. 1000 shares at 1.09. Anyone know why this is so cheap with the results they have been getting?
  • b
    bryan
    - so selling below market = NO need to include warrant, esp. not 3 yrs
    - if one includes the over allotment & warrants - this is an 18% dilution
    - market 2 days later is down 26% = investors don't like getting screwed
  • B
    Bento
    it's a take out target
  • D
    DJ
    Wow, why would any retail investor buy stock in these companies? They are used and abused for the benefit of management and their fat salaries and stock stock options.
  • L
    LARS01
    Thats it. This is the last junior gold mine I ever invest into. Absolute disappoint.
  • P
    Patricia
    share price dropping...is this what happens when you grant stock options to insiders?
  • D
    Dave
    I am salivating on buying more on sale shares! Give me just a little bit more time!
  • D
    Darlene
    The only good thing is that the shares are on sale.
  • T
    Tom
    So... yeah. Regretting this one
  • D
    Darlene
    Have experienced mining investors seen this kind of SP action before?
  • D
    Darlene
    Lease extended to 2035.
  • D
    Dave
    Wow I never thought I would see Lion One under $1.00 CAN! This just presents an opportunity to buy 10,000 more shares while you fools are selling - I am smiling ear to ear! Thank you for the cheap shares - Hey stop by in a three years from now and have a look at Lion One at $7.50 CAN/share! Good luck to all!
  • D
    DJ
    Pro tip for anyone looking to buy stocks like this one.
    Look at where it was back in the end of December of 2018, that's where the price will be by December of this year. So if you want to buy stocks like this one, wait until December when all the latest batch of suckers capitulates and sells for a tax loss to balance off any gains they have for the year.
    You're welcome.
  • d
    del
    Metals experts are calling for a major shortage that will send prices flying soon. Battery metals like LOMLF will be huge winners. Also, RMESF is just finishing mapping after 2,000 metre drilling and share price is already starting to move up in anticipation of potentially big news for Red Metal shareholders. https://richardacavalli.wixsite.com/greenplanetmicrocaps/rmes-readies-for-copper-shortage