Lion Copper and Gold Corp. Announces Closing of Spin Out of Non-Core Asset
Lion Copper and Gold Corp. Announces Closing of Spin Out of Non-Core Asset
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2022) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG", the "Company") is pleased to announce that, further to its news release dated February 1, 2022, it has completed the assignment of two option agreements to acquire mining claims collectively referred to as the Butte Valley property (the "Butte Valley Property") to 1301666 B.C. Ltd. ("1301666 BC").
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年4月6日)-獅子銅金公司(TSXV：LEO)(OTCQB：LCGMF)(“獅子CG", 《大賽》公司)高興地宣佈，繼2022年2月1日發佈的新聞稿之後，該公司已完成兩項期權協議的轉讓，以收購統稱為巴特山谷財產(The Butte Valley Property)的採礦權巴特谷酒店“)至公元前1301666年有限公司(”公元前1301666年").
Pursuant to the assignment agreement, Lion CG received 16,049,444 common shares of 1301666 BC. Concurrently with the completion of the assignment of the Butte Valley Property, 1301666 BC closed a private placement for gross proceeds of $3,106,226, through the issuance of 15,531,130 units at a price of $0.20 per unit. Each unit is comprised of one common share and one non-transferable common share purchase warrant exercisable for 24 months at an exercise price of C$0.30 per share. In addition, the Company received a payment of US$500,000 from 1301666 BC as a reimbursement of exploration expenditures and related costs incurred by the Company on the Butte Valley Property. The Company is also entitled to receive a 1.5% NSR on each of the two optioned properties.
根據轉讓協議，Lion CG獲得16,049,444股公元前1301666股普通股。在巴特谷地產轉讓完成的同時，公元前1301666年完成了一次私募，以每套0.2美元的價格發行了15 531 130個單位，獲得了3 106 226美元的總收益。每個單位由一股普通股和一股不可轉讓的普通股認購權證組成，可按每股0.30加元的行使價行使24個月。此外，本公司從公元前1301666年度收到一筆500,000美元的款項，作為本公司就Bute Valley物業產生的勘探開支及相關成本的償還。該公司還有權就兩個可選物業分別獲得1.5%的NSR。
The transaction is a non-arm's length transaction under TSX Venture Exchange rules.
根據多倫多證券交易所創業板交易規則，該交易為非公平交易。
About Lion CG
Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship MacArthur Copper Project in Mason Valley, Nevada, in addition to advancing its exploration projects including the Chaco Bear and Ashton properties in highly prospective regions in British Columbia, Canada, and the Blue Copper Project in Montana, USA.
關於Lion CG
獅子銅金公司是一家總部位於加拿大的公司，正在推進其在內華達州梅森谷的旗艦麥克阿瑟銅礦項目，此外還在推進其勘探項目，包括加拿大不列顛哥倫比亞省極具前景的地區的查科熊和阿什頓銅礦，以及美國蒙大拿州的藍銅項目。
Further information can be found at .
有關更多信息，請訪問。
On behalf of the Board of Directors,
Stephen Goodman
President
我謹代表董事會：
史蒂芬·古德曼
總統
For more information please contact
Karen Robertson
Corporate Communications
778-898-0057
Email: info@lioncg.com
Website:
欲瞭解更多信息，請聯繫
卡倫·羅伯遜
企業通信
778-898-0057
電子郵件：info@lion cg.com
網站：
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。