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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2016) - Lion One Metals Limited (TSX VENTURE:LIO )(ASX:LLO)(OTCQX:LOMLF)(FRANKFURT:LY1) (the "Company") is pleased to announce it has arranged, subject to the approval of the TSX Venture Exchange, a non-brokered private placement (the "Private Placement") of up to 45,000,000 units (the "Units") at a price of $0.92 per Unit for total gross proceeds of up to $41,400,000. Each Unit consists of one common share (the "Common Shares") and one common share purchase warrant (the "Warrants"), each such Warrant exercisable at a price of $1.35 per share and expiring 18 months from the date of issue. |
