Lion One Metals (TSE:LIO) has released an update.
Lion One Metals Limited successfully completed a financial milestone with the closing of its fully-subscribed upsized brokered and non-brokered private placements, generating a total of C$11.65 million. The funds raised are earmarked for the development of the Tuvatu Gold project in Fiji and other corporate expenses. The brokered private placement, also known as the LIFE Offering, along with the concurrent Sidecar Private Placement, resulted in the issuance of over 31 million units without a hold period on securities under the LIFE Exemption.
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