LCGMF directors disclose $1.4M 12% notes, 14.5M-share warrants
Rhea-AI Filing Summary
Lion Copper & Gold (LCGMF) insiders reported new securities acquisitions. Directors and 10% owners Tony and Christine Alford jointly filed a Form 4 for transactions on 11/06/2025. They acquired 12% Secured Convertible Debentures in the amount of $1,400,000 (code P), convertible into 14,507,772 common shares at a $0.0965 conversion price, and received warrants for 14,507,772 common shares at a $0.0965 exercise price, exercisable 11/06/2025 and expiring 11/06/2030.
Following the reported transactions, beneficially owned common shares were: 84,372,335 held by Tony Alford, 15,234,794 held by Christine Alford, and 43,477,269 held jointly. The debentures mature on 11/06/2026, and interest may be settled in common shares at the issuer’s option at the time of repayment or conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | 12% Secured Convertible Debentures | 0 | $1,400,000.00 | -- |
| Purchase | Warrants | 14,507,772 | $0.00 | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrrants | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Held by Tony Alford Held by Christine Alford Held jointly by the reporting persons The debentures mature and are payable on this date Interest on the debentures may also be settled in common shares of the issuer priced at the time of repayment or conversion of the debentures at the option of the issuer
