Lion One Announces Upsize of LIFE Offering for Gross Proceeds of up to $20 Million

Core Viewpoint - Lion One Metals Limited has announced an increase in its non-brokered private placement offering, raising the gross proceeds from $15 million to $20 million due to strong investor demand [2]. Group 1: Offering Details - The upsized LIFE Offering will consist of up to 62,500,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The offering is expected to close around September 23, 2025, subject to customary conditions and approvals [5]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [4]. Group 3: Finder's Fees - The company may pay finders' fees up to 7% of the gross proceeds raised, which will include cash commissions and finder warrants [6].