Lion One Metals Limited (ASX: $LLO) has announced an upsize of its previously announced private placement, with plans to issue up to 27,027,027 units at a price of $0.37 per unit, aiming to raise aggregate gross proceeds of up to $10,000,000. The offering is expected to close on or around July 26, 2024, subject to certain customary conditions including receipt of all necessary approvals.
The Company is pleased to announce the upsizing of the private placement, which reflects the strong support and confidence from our investors. The net proceeds from the offering will be utilized for working capital and general corporate purposes, further strengthening our position for future endeavors.
Lion One Metals Limited (ASX: $LLO) has successfully upsized its private placement, demonstrating investor confidence in the company's prospects. The offering, expected to close on or around July 26, 2024, will provide the company with additional funds for working capital and general corporate purposes. The Company's focus on utilizing the net proceeds to support its operations and future initiatives underlines its commitment to long-term growth and sustainability.