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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Comment by roberto146on Feb 08, 2024 4:22pm
212 Views
Post# 35870950

RE:RE:RE:RE:I used to like management but

RE:RE:RE:RE:I used to like management but"... without mentioning the share price?"

Share price will be negotiated at the time of the overnight offer, which I don't think is a traditional public offering. Notice that the N/R doesn't mention shares - it's 'units', implying that warrants could be also negotiated, besides the negotiating of the share price. If so, will the warrants be at a more attractive exercise price than the previous ones at 1.25?
Even with the last offering, initially there was an acceleration clause for the warrants; when the offering was completed the acceleration clause was removed, presumably by negotiation. I had these warrants until very recently and there was initially good appreciation on them, almost a triple, but they've crashed in the last month.
I'm finding all the recent activities, share activity, incessant money needs, and ambiguity a little unsettling, like some other development darlings in the past.
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