Exciting News from Lion One Metals Limited: TSXV Approves Listing of 25 Million Warrants
North Vancouver, British Columbia, February 24, 2025 – Get ready for some thrilling news from the mining industry! Lion One Metals Limited (TSXV: LIO, OTCQX: LOMLF) (“Lion One” or the “Company”) has recently announced that the TSX Venture Exchange (TSXV) has given its approval for the listing of 25,367,647 share purchase warrants (“Warrants”).
Background
These Warrants were issued by Lion One on February 14, 2025, as part of its public offering of units under an underwriting agreement between the Company, Stifel Nicolaus Canada Inc. (the “Lead Underwriter”), and Canaccord Genuity Corp. (together with the Lead Underwriter, the “Underwriters”)(the “Offering”).
Details of the Warrants
Each Warrant is a privileged ticket, granting its holder the right to acquire one common share of the Company (“Warrant Share”) at an exercise price of C$0.41. The Warrants come with an expiration date of February 10, 2028.
Impact on Lion One Metals
This approval is a significant milestone for Lion One Metals. With the Warrants now listed on the TSXV, the Company will benefit from increased liquidity and potential new investors. The proceeds from the Offering, which amounted to approximately C$11 million, will be used to advance the development of the Company’s flagship project, the Tuvatu Aluminum-Gold Project in Fiji. This project is expected to be a major contributor to the Company’s growth in the coming years.
Impact on the Mining Industry and Investors
The approval of the Warrants listing is a positive sign for the mining industry as a whole. It demonstrates investor confidence in Lion One Metals and its potential for growth. This development also opens up opportunities for investors to gain exposure to the Company’s future success by purchasing these Warrants.
Conclusion
In summary, Lion One Metals Limited’s recent achievement of TSXV approval for the listing of its Warrants is an exciting development for the Company and the mining industry. With increased liquidity and potential new investors, Lion One Metals is well-positioned to advance its Tuvatu Aluminum-Gold Project in Fiji. This news also provides a promising opportunity for investors to engage with the Company and be part of its growth story.
- Lion One Metals Limited announces TSXV approval for the listing of 25,367,647 share purchase warrants
- Each Warrant allows the holder to acquire one common share of the Company at C$0.41 until February 10, 2028
- Proceeds from the Offering will be used to advance the development of the Tuvatu Aluminum-Gold Project in Fiji
- This development increases investor confidence in Lion One Metals and the mining industry
- Investors can now purchase these Warrants as an opportunity to engage with the Company and be part of its growth story
