Lion One increases private placement to $20-million

Executive Summary

• Lion One Metals upsizes its non‑brokered private placement from $15 M to up to $20 M due to strong investor demand.
• The offering will consist of up to 62.5 million units at C$0.32 per unit, each unit containing one common share and one warrant (exercise price C$0.42, three‑year term).
• Net proceeds are earmarked for development of the fully permitted Tuvatu gold project, repayment of the Nebari loan facility, and general working capital.

Key Details

• Upsized Offering Size: Increased from $15 M to up to $20 M gross proceeds.
• Units Offered: Up to 62.5 million units at C$0.32 per unit.
• Unit Composition: One common share + one common share purchase warrant per unit.
• Warrant Terms: Exercise price C$0.42; exercisable for three years from issuance.
• Financing Exemption: Conducted under NI 45‑106 (prospectus exempt) in all Canadian provinces/territories except Quebec.
• Use of Proceeds:
• Development of the 100 % owned, fully permitted high‑grade Tuvatu gold project (Fiji).
• Repayment of principal and interest on loan facility with Nebari.
• General working capital.
• Closing Timeline: Expected on or around September 23, 2025; may close in one or more tranches.
• Conditions to Closing: Subject to customary conditions, required approvals, and TSX‑V listing requirements.
• Resale Restrictions: Securities will not be subject to Canadian resale restrictions under applicable securities laws.
• Finder’s Fees: Up to 7 % cash commission of gross proceeds plus finder warrants equal to up to 7 % of offered units sold through eligible finders; finder warrants exercisable at C$0.32 per share for 24 months.

Notable Quotes

(No direct quotes were provided in the release.)