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Financings

Lion One Announces $7 Million Sidecar Private Placement

By The Northwire Desk — AI Analysis Oct 08, 2025 · 20:53 LIO · 0.295 Lion One Metals Limited
LIO · Price

Executive Summary

  • Lion One Metals announced a new non‑brokered “Sidecar” private placement of up to 21,875,000 units at $0.32 per unit, targeting gross proceeds of up to $7 million.
  • The Sidecar is supplemental to the previously announced LIFE Offering (up to $25 million); the first tranche of the LIFE Offering closed on September 24, 2025 for $18.715 M, with a second tranche expected around October 15, 2025 and the Sidecar closing around October 21, 2025.
  • Net proceeds will be used to fund development of the 100% owned Tuvatu Gold Project in Fiji, repay principal and interest on the Nebari loan facility, and for general working capital.

Key Details

  • Sidecar Private Placement
  • Maximum units: 21,875,000
  • Price per unit: $0.32 (includes one common share + one warrant)
  • Gross proceeds target: up to $7 million

  • Expected closing date: on or about October 21, 2025 (may be in multiple tranches)

  • Unit Composition

  • Each unit = 1 Common Share + 1 Common Share purchase warrant
  • Warrant exercise price: $0.42 per share

  • Warrant term: 3 years from issuance

  • LIFE Offering (previously announced)

  • Total potential proceeds: up to $25 million under NI 45‑106 exemption
  • First tranche closed September 24, 2025 – $18.715 M raised

  • Second tranche expected around October 15, 2025

  • Use of Proceeds (Sidecar)

  • Development of the fully permitted Tuvatu Gold Project (high‑grade underground mine, pilot plant, assay lab)
  • Repayment of principal and interest on loan facility with Nebari

  • General working capital

  • Finder’s Fees

  • Cash commissions up to 8 % of gross proceeds for eligible finders

  • Finder warrants up to 8 % of the aggregate number of units sold via finders, exercisable at $0.32 per share for 24 months after issuance

  • Regulatory/Closing Conditions

  • Subject to customary conditions, TSX‑V listing approvals, and a statutory hold period of four months + one day on Sidecar units
  • Securities issued under the LIFE Offering are not subject to Canadian resale restrictions

Notable Quotes

“The Sidecar Private Placement reflects strong investor interest in Lion One’s high‑grade Tuvatu project and provides additional capital to accelerate development while strengthening our balance sheet.” – Walter Berukoff, Chairman of the Board

Materiality Assessment: Material – Positive (significant financing that will fund a major gold development project).

Read the original news release →

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