Lion Copper & Gold Corp. Files 8-K with Corporate Updates

TL;DR

LCG filed an 8-K detailing director changes, officer appointments, and shareholder votes.

AI Summary

Lion Copper and Gold Corp. filed an 8-K on July 30, 2024, reporting events as of July 26, 2024. The filing covers the departure of directors or officers, election of directors, appointment of officers, compensatory arrangements, submission of matters to a vote of security holders, and other events, including financial statements and exhibits.

Why It Matters

This 8-K filing indicates significant corporate actions and potential changes in leadership or strategic direction for Lion Copper & Gold Corp.

Risk Assessment

Risk Level: medium — Changes in directors and officers, along with votes by security holders, can signal shifts in company strategy or governance that may impact future performance.

Key Players & Entities

• LION COPPER & GOLD CORP. (company) — Registrant
• QUATERRA RESOURCES INC (company) — Former company name
• 000-55139 (dollar_amount) — SEC File Number

FAQ

Key Financial Figures

• $250,000 — ment provides for an annual salary of US$250,000 in consideration for his services as an
• $175,000 — ment provides for an annual salary of US$175,000 in consideration for his services. Purs

Filing Documents

• form8k.htm (8-K) — 28KB
• exhibit99-1.htm (EX-99.1) — 7KB
• exhibit99-1x001.jpg (GRAPHIC) — 3KB
• 0001062993-24-014150.txt ( ) — 252KB
• lcgmf-20240726.xsd (EX-101.SCH) — 4KB
• lcgmf-20240726_cal.xml (EX-101.CAL) — 1KB
• lcgmf-20240726_def.xml (EX-101.DEF) — 22KB
• lcgmf-20240726_lab.xml (EX-101.LAB) — 45KB
• lcgmf-20240726_pre.xml (EX-101.PRE) — 24KB
• form8k_htm.xml (XML) — 3KB

02 Departure of Directors or Principal Officers; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Appointment of Principal Officers. John Banning, age 48, was appointed as the Vice President, Chief Operations Officer (the " COO ") of Lion Copper and Gold Corp. (the " Company ") on July 26, 2024. Mr. Banning is an experienced mining executive focused on outcomes and excellence through the development of high-performance teams. He is a dynamic leader with 25 years' of corporate, strategic, feasibility, project design, construction and operations experience across numerous commodities with a focus on copper. He has a proven track record in areas of people, risk management and system and process improvement to drive rapid and sustainable business improvement. Mr. Banning will be located in Yerington, Nevada. He has a B.S. in Mining Engineering from Montana Tech School of Mines. The Company entered into an employment agreement dated effective July 15, 2024 with Mr. Banning pursuant to which the Company employs Mr. Banning as the COO of the Company. The employment agreement provides for an annual salary of US$250,000 in consideration for his services as an executive officer of the Company. Pursuant to the employment agreement, Mr. Banning is also entitled to receive up to 2,500,000 stock options under the Company's stock option plan, subject to vesting provisions. If the Company completes a change of control during the term of the agreement and Mr. Banning is not retained for employment for a period of at least twelve months following such event, the Company will pay Mr. Banning severance equal to twelve months of his then current base salary. The agreement is not for a specified term. Douglas Stiles, age 50, was appointed as the Vice President of Sustainability and Environment of the Company on July 26, 2024. Mr. Stiles is an experienced executive with 25 years' experience resolving complex regulatory, operation and project challenges in the mining sector. He has expertise implementing permitting and complia

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. On July 26, 2024, the Company held an Annual General Meeting of the holders of common shares of the Company, at which the shareholders voted on the following matters: 1. Fixing the Number of Directors at Four . The shareholders approved the number of directors to be fixed at four. For: 177,847,172 Against: 7,782,556 Non Vote: 1 2. Election of Directors. The following nominees were elected as directors to serve until the next annual general meeting of the shareholders: Tom Patton For: 122,285,168 Withheld/Abstain: 12,130,146 Non Vote: 51,214,415 Tony Alford For: 117,996,860 Withheld/Abstain: 16,418,454 Non Vote: 51,214,415 Steven Dischler For: 129,259,680 Withheld/Abstain: 5,155,634 Non Vote: 51,214,415 Charles Travis Naugle For: 121,511,462 Withheld/Abstain: 12,903,852 Non Voted: 51,214,415 3. Appointment of Auditors. The shareholders approved the appointment of MNP LLP as auditors of the Company at a remuneration to be fixed by the directors. For: 185,120,097 Withheld/Abstain: 509,632 4. Approval of the Company's 20% Stock Option Plan. The shareholders approved the Company's 2023 fixed 20% stock option plan. For: 128,959,266 Against: 5,456,048 Non Vote: 51,214,415

01 Other Events

Item 8.01 Other Events. The Company's press release announcing the appointment of officers is attached as Exhibit 99.1 to this Form 8-K. The press release is being furnished with this Form 8-K and is not considered filed.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. 99.1 News release dated July 29, 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: July 29, 2024 (Registrant) /s/ Steven Dischler Steven Dischler, Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR