Lion Rock Resources Secures $1M in Private Placement

King’s Bay Gold (TSE:ROAR) has released an update.

Lion Rock Resources Inc. has successfully completed a non-brokered private placement, raising $1 million through the sale of 10 million units at $0.10 each. Investors received common shares and warrants, with the latter allowing additional shares to be purchased at $0.20 until 2026. These securities are subject to a hold period until July 2024 and are not registered in the U.S., limiting their sale to outside U.S. persons or under certain exemptions.

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