Lion One Metals Limited

Lion One Metals Limited in its $11.5 million brokered private placement

Client

Lion One Metals Limited

Value

$11.5 million

Service

Capital Markets

Date Closed

December 2019

Industry

Mining & Natural Resources

Lead Office

Vancouver

 

On December 6, 2019, Lion One Metals Limited announced the closing of its $11.5 million brokered private placement, which included the exercise of the agents’ overallotment option in full. The transaction was completed on a best-effort agency basis through Echelon Wealth Partners Inc. and Eight Capital as co-lead agents and joint bookrunners on behalf of a syndicate of agents including Scarsdale Equities LLC and Red Cloud Securities. The proceeds will be used to finance the exploration and development of the company’s Tuvatu Gold Project, as well as for working capital purposes.

Lion One Metals Limited is a mineral exploration and development company based in North Vancouver. Lion One Metals Limited is focused on furthering its 100% owned and fully permitted high grade Tuvatu Alkaline Gold Project which is located on the island of Viti Levu in Fiji.

Osler, Hoskin & Harcourt LLP advised Lion One Metals Limited with a team consisting of Alan Hutchison, Patrick Sullivan, Jie Chai, Nicole Ladeur (Corporate) and Sagar Memon (Student).