Lion One Announces Closing Of $27M Bought Deal Public Offering

NORTH VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) (“Lion One” or the “Company”), is pleased to announce that the Company has closed the bought deal offering (the “Offering”) previously announced on May 3, 2023 by issuing 29,350,000 units of the Company (the “Units”) at a price of $0.92 per Unit (the “Offering Price”) for aggregate gross proceeds of $27,002,000 pursuant to the terms of an underwriting agreement (the “Underwriting Agreement”) dated as of May 5, 2023, among the Company, Eight Capital (the “Lead Underwriter”), Canaccord Genuity Corp., Raymond James Ltd. and Roth Canada Inc. (together with the Lead Underwriter, the “Underwriters”).

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