Bullboard - Stock Discussion Forum 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... see more

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TSXV:LIO - Post Discussion

Lion One Metals Ltd > Down Under ????

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Post by TonyDj on Jul 21, 2024 10:29am

Down Under ????

Anyone know anything about this. As I follow all developments on the Island. I noticed something strange that I stumbled upon. It appears for some reason LLO ASX Lion One in Australia is not trading.

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Comment by QualityTest on Jul 21, 2024 1:20pm

Past financings diluted the stock too much and broke ASX rules.

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Comment by roberto146 on Jul 22, 2024 11:15am

The exact reason is LIO was actually suspended in Feb 2024 by ASX until compliance under Rule 7.1, not just halted. Something about issuing too many shares without shareholders' approval. If it's not trading I guess the order is still in place.

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Comment by mjh9413 on Jul 23, 2024 12:01am

Perhaps this will help: "Lion One Metals Limited (ASX: LLO) – Continuation of Suspension from Quotation Description The securities of Lion One Metals Limited (‘LLO’) were suspended by ASX on 14 February 2024 due to LLO’s failure to comply with Listing Rule 7.1. ASX has today formally censured LLO for a breach of Listing Rule 7.1. LLO’s securities will now continue to be suspended from ...more

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