Bullboard - Stock Discussion Forum Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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... see more

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TSXV:LIO - Post Discussion

Lion One Metals Ltd > warrants

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Post by steve55 on Aug 16, 2021 11:19am

warrants

I can't find the price and number of the warrants to be exercised on august 19th; does someone know?

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Comment by LondonInvest on Aug 16, 2021 12:18pm

The warrantes are in two tranches and have exercise prices of $2.35 (6.8 million shares) and $2.75 (4.1 million shares). Neither set will be exercised so 10.8 million warrants will expire. All of this is in their filings, see Note 8d on pg 14. https://liononemetals.com/wp-content/uploads/2021/05/LIO-FS-Q3-2021.pdf

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Comment by steve55 on Aug 16, 2021 12:58pm

hi,they say that the warrants will be converted in cash..

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Comment by LondonInvest on Aug 16, 2021 2:56pm

A warrant gives a buyer the option, but not the obligation to buy additional shares at a set price. These shares were issued with warrants at $2.35 and $2.75 Canadian. With the current share price at $1.10, it is much cheaper to buy shares on open market, so these warrants will expire worthless, no one will execute them. If stock was at $3, it would make sense as you could buy ...more

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Lion One Metals Ltd