Lion One Metals Sets $7.5M Private Placement

Lion One Metals (TSE:LIO) has released an update.

Lion One Metals Limited has announced a private placement offering to raise $7.5 million, consisting of units priced at $0.37 each, with the goal of closing the deal by July 26, 2024. The proceeds from this offering, which includes common shares and share purchase warrants, will be used to support the company’s working capital and general corporate purposes. This funding initiative excludes the U.S. market but is available in Canadian provinces, excluding Quebec.

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