On March 8, 2024, Lion Copper and Gold Corp closed the transaction. The company issued 23,809,522 units at a price of $0.042(CAD 0.05625)per unit for the gross proceeds of $999,999.924 (CAD 1,339,285.6125). The transaction included participation from a individual director, Tony Alford. acquired 9,821,428 units for $412,499.976(CAD 552,455.325). The securities issued in connection with the Debt Settlement and Private Placement, including any underlying securities, are subject to a statutory four-month hold period, expiring on July 9, 2024, in accordance with applicable Canadian securities laws. The securities are also subject to restrictions under U.S. securities laws, which generally restrict any resales by non-insiders for a period of six months.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 5 placees including existing insider involvement of 3 insiders for 12,797,618.