Lion Copper & Gold Corp. Files 8-K
Ticker: LCGMF · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1339688
Sentiment: neutral
Topics: corporate-action, equity-sale
TL;DR
LCG filed an 8-K for unregistered equity sales and other events.
AI Summary
Lion Copper & Gold Corp. filed an 8-K on March 14, 2024, reporting unregistered sales of equity securities and other events. The filing indicates a name change from Quaterra Resources Inc. on September 23, 2005. The company's principal executive offices are located at 143 S Nevada St., Yerington, Nevada.
Why It Matters
This filing provides updates on corporate actions and securities transactions for Lion Copper & Gold Corp., which could impact investors' understanding of the company's structure and recent activities.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain significant negative news or market-moving information.
Key Players & Entities
- LION COPPER & GOLD CORP. (company) — Registrant
- QUATERRA RESOURCES INC (company) — Former company name
- March 8, 2024 (date) — Earliest event reported date
- March 14, 2024 (date) — Date of report
- September 23, 2005 (date) — Date of name change
- 143 S Nevada St. Yerington , Nevada , United States 89447 (address) — Principal executive offices
FAQ
What specific type of equity securities were sold in the unregistered sale?
The filing does not specify the type of equity securities sold in the unregistered sale.
What were the 'Other Events' reported in the 8-K?
The filing does not detail the specific 'Other Events' beyond mentioning them as an item information.
What is the significance of the name change from Quaterra Resources Inc.?
The filing notes the name change occurred on September 23, 2005, but does not provide the reason or significance.
What is the company's primary business activity?
The company is in the METAL MINING industry, as indicated by its Standard Industrial Classification code.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 640 words · 3 min read · ~2 pages · Grade level 8.4 · Accepted 2024-03-14 15:03:09
Key Financial Figures
- $0.042 — , the Company issued 4,107,998 units at $0.042 (C$0.05625) per unit and 41,707,215 com
- $0.05625 — pany issued 4,107,998 units at $0.042 (C$0.05625) per unit and 41,707,215 common shares
- $1,924,239 — shares at $0.042 (C$0.05625) to settle $1,924,239 of debt (the "Debt Settlement"). Each u
- $0.056 — additional common share at a price of US$0.056 (C$0.075) per share for a period of 5 y
- $0.075 — l common share at a price of US$0.056 (C$0.075) per share for a period of 5 years from
- $1,000,000 — regate gross proceeds to the Company of $1,000,000 (the "Private Placement"). Each unit co
Filing Documents
- form8k.htm (8-K) — 17KB
- exhibit99-1.htm (EX-99.1) — 7KB
- exhibit99-2.htm (EX-99.2) — 5KB
- exhibit99-3.htm (EX-99.3) — 9KB
- exhibit99-1x001.jpg (GRAPHIC) — 3KB
- exhibit99-2x001.jpg (GRAPHIC) — 3KB
- exhibit99-3x001.jpg (GRAPHIC) — 3KB
- 0001062993-24-006395.txt ( ) — 270KB
- lcgmf-20240308.xsd (EX-101.SCH) — 4KB
- lcgmf-20240308_cal.xml (EX-101.CAL) — 1KB
- lcgmf-20240308_def.xml (EX-101.DEF) — 22KB
- lcgmf-20240308_lab.xml (EX-101.LAB) — 45KB
- lcgmf-20240308_pre.xml (EX-101.PRE) — 24KB
- form8k_htm.xml (XML) — 3KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. On March 8, 2024, the Company issued 4,107,998 units at $0.042 (C$0.05625) per unit and 41,707,215 common shares at $0.042 (C$0.05625) to settle $1,924,239 of debt (the "Debt Settlement"). Each unit is comprised of one common share and one common share purchase warrant of the Company. Each warrant is exercisable into one additional common share at a price of US$0.056 (C$0.075) per share for a period of 5 years from the date of issuance. On March 8, 2024, the Company also issued an aggregate of 23,809,522 units a price of $0.042 (C$0.05625) per unit for aggregate gross proceeds to the Company of $1,000,000 (the "Private Placement"). Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable into one additional common share at a price of $0.056 (C$0.075) per share for a period of 5 years from the date of issuance. The Company intends to use the net proceeds from the Private Placement for general working capital purposes. The units, the shares and the warrants were issued to accredited investors in private transactions pursuant to Rule 506(b) of Regulation D under the United States Securities Act of 1933, as amended.
01. Other Events
Item 8.01. Other Events. The Company's press releases announcing the offer and sale of the units, the shares and the warrants, are attached as Exhibits 99.1, 99.2 and 99.3 to this Form 8-K. The press releases are being furnished with this Form 8-K and are not considered filed.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. 99.1 News release dated February 15, 2024 99.2 News release dated February 26, 2024 99.3 News release dated March 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lion Copper and Gold Corp. Date: March 14, 2024 (Registrant) "Charles Travis Naugle" Charles Travis Naugle, Chief Executive Officer