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Lion Copper and Gold ( (TSE:LEO) ) just unveiled an announcement.
Lion Copper and Gold has amended an existing advisory services agreement to allow the payment of a US$10,000 monthly retainer in common shares instead of cash while keeping the scope of strategic planning, corporate development, and general advisory services unchanged. The shares will be issued monthly based on a 10-day volume-weighted average price and will be subject to Canadian and U.S. securities law restrictions, a move that preserves the company’s cash resources but introduces incremental share dilution for stakeholders while formalizing equity-based compensation for its advisor.
More about Lion Copper and Gold
Lion Copper and Gold Corp. is a mining company focused on advancing its flagship copper project in Yerington, Nevada, under an option-to-earn-in agreement with Nuton LLC, a Rio Tinto venture, positioning the company within the North American copper development space.
Average Trading Volume: 48,489
Technical Sentiment Signal: Buy
Current Market Cap: C$99.18M
For an in-depth examination of LEO stock, go to TipRanks’ Overview page.