Lion One Announces C$27 Million “Bought Deal” Offering of Units
NORTH VANCOUVER, British Columbia, May 03, 2023 (GLOBE NEWSWIRE) —
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Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX:LLO) (“Lion One” or the “Company“) is pleased to announce that it has entered into an agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 29,350,000 units of the Company (the “Units“) at a price of C$0.92 per Unit (the “Issue Price”), for total gross proceeds of C$27,002,000 (the “Offering“).