Lion CG Finalizes Debt Settlement and Funding

Lion Copper And Gold Corp. (TSE:LEO) has released an update.

Lion Copper and Gold Corp. has successfully settled a debt of US$1.92 million and closed a US$1 million private placement, both involving the issuance of units at US$0.042 each. The proceeds are intended for general working capital purposes, while securities from these transactions are subject to a four-month hold period in Canada and a six-month restriction under U.S. laws. Notably, two company directors participated in these transactions, deemed a ‘related party transaction’ but still within exemption limits of market regulations.

For further insights into TSE:LEO stock, check out TipRanks’ Stock Analysis page.