Lion Copper and Gold Corp. announced a private placement to issue up to 23,809,523 units at a price of $0.042(CAD 0.05625) per unit for the gross proceeds of $1,000,000 (CAD 1,339,285.66875) on February 26, 2024. Each unit will consist of one common share and a share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at a price of $0.056(CAD 0.075) per share for a period of 5 years from the date of issuance. The transaction is subject to the TSX Venture Exchange acceptance.