Lion One Announces Closing of Second Tranche of LIFE Offering and Upsize of Sidecar Private Placement

Core Points - Lion One Metals Limited has successfully closed the second tranche of its non-brokered private placement, raising a total of $25,000,000 through the LIFE Offering [1][4] - The second tranche specifically raised $5,969,847 by issuing 18,557,334 Offered Units at a price of $0.32 per unit [1][2] - The company has also upsized its Sidecar Private Placement from $7,000,000 to $9,000,000 due to increased investor demand [3] Financial Details - Each Offered Unit in the LIFE Offering consists of one common share and one warrant, with the warrant allowing the purchase of a common share at $0.42 for three years [2] - The company paid finder's fees totaling $384,769.28 in cash and issued 1,202,403 finders warrants in connection with the second tranche [5] - The Sidecar Private Placement will consist of up to 28,125,000 Offered Units at the same issue price, with expected closing around October 22, 2025 [3][8] Use of Proceeds - The net proceeds from both the LIFE Offering and the Sidecar Private Placement will be used for the development of the Tuvatu Gold Project, loan repayments, and working capital [4] Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [10]