Take physic, pomp

Lion One (LIO.v) and Kermit the Frog

Following on from Marathon Gold’s (MOZ.to) treatment of its loyal retail shareholders last week, yesterday evening brought another example of how junior mining C-suites regard the people who pay their salaries from Lion One Metals (LIO.v):

North Vancouver, B.C., Sept. 20, 2022 Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company“) is pleased to announce that it has entered into an agreement with Eight Capital and Canaccord Genuity Corp., as co-lead underwriters and joint bookrunners (the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis,16,240,000 units of the Company (the “Units“) at a price of C$0.77 per Unit (the “Issue Price”), for total gross proceeds of C$12,504,800 (the “Offering“).

Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$1.05…(continues here)

And before we get to the necessary Kermit image, here’s what that deal looks like compared to the LIO.v long-term price chart:

Rather too similar to the MOZ news last week for comfort, we note. And on the subject of comfort, cue Kermit:

Thank you, Kermit.


    I am pleased to announce I sold at 1.41.


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