Lion Rock Resources Increases Financing

Core Viewpoint - Lion Rock Resources Inc. has announced an increase in its non-brokered private placement, aiming to raise up to $5,100,000 through the issuance of units priced at $0.20 each [1] Group 1: Offering Details - The offering will consist of up to 25,500,000 units, each unit comprising one common share and one non-transferable share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at a price of $0.30 for two years from the date of issue [1] - An acceleration event will occur if the common shares trade at $0.40 or more for five consecutive trading days, potentially leading to the early expiration of the warrants [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for property payments, exploration work on the Volney Project, and general working capital [2] Group 3: Company Overview - Lion Rock Resources Inc. is a Canadian mineral exploration company focused on high-grade gold and lithium projects in North America [5] - The flagship asset, the Volney Project, is located in South Dakota's Black Hills, an area known for active gold operations [5] - The company is led by a team with a proven track record in mineral discoveries, project development, and financing [5]