Lion One Announces $7 Million Sidecar Private Placement

Core Viewpoint - Lion One Metals Limited is initiating a non-brokered private placement to raise up to $7,000,000 in response to investor demand, in addition to a previously announced offering of $25,000,000 [1][3]. Group 1: Private Placement Details - The Sidecar Private Placement will consist of up to 21,875,000 units priced at $0.32 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant will allow the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The Sidecar Private Placement is expected to close around October 21, 2025, following the anticipated closure of the second tranche of the LIFE Offering on or about October 15, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the Sidecar Private Placement will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility, and general working capital [4]. Group 3: Regulatory and Financial Conditions - The closing of the Sidecar Private Placement is subject to customary conditions, including approvals from the TSX Venture Exchange [5]. - The company may pay finders' fees of up to 8% of gross proceeds raised, which may include cash commissions and finder warrants [6]. Group 4: Company Overview - Lion One Metals is a Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [9].