Lion Copper Corp 6-K, filed Apr 7, 2022
Lion Copper Corp. (LCU)
About this 6-K
Lion Copper Corp filed this 6-K on April 7, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2022
Commission File Number: 0-55139
LION COPPER & GOLD CORP.
(Translation of registrant's name into English)
1100-1199 West Hastings Street
Vancouver, BC V6E 3T5 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[ x ] Form 20-F [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits
| Exhibit | Description | |
| 99.1 | News Release dated April 6, 2022 |
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, thereunto duly authorized.
| LION COPPER & GOLD CORP. | ||
| (Registrant) | ||
| Date: April 6, 2022 | By: | /s/ Lei Wang |
| Lei Wang | ||
| Title: | Chief Financial Officer | |
LION COPPER AND GOLD CORP. ANNOUNCES CLOSING OF SPIN OUT
OF NON-CORE ASSET
April 6, 2022, Vancouver, British Columbia - Lion Copper and Gold Corp. ("Lion CG", the "Company") (TSX-V: LEO) (OTCQB: LCGMF) is pleased to announce that, further to its news release dated February 1, 2022, it has completed the assignment of two option agreements to acquire mining claims collectively referred to as the Butte Valley property (the "Butte Valley Property") to 1301666 B.C. Ltd. ("1301666 BC").
Pursuant to the assignment agreement, Lion CG received 16,049,444 common shares of 1301666 BC. Concurrently with the completion of the assignment of the Butte Valley Property, 1301666 BC closed a private placement for gross proceeds of $3,106,226, through the issuance of 15,531,130 units at a price of $0.20 per unit. Each unit is comprised of one common share and one non-transferable common share purchase warrant exercisable for 24 months at an exercise price of C$0.30 per share. In addition, the Company received a payment of US$500,000 from 1301666 BC as a reimbursement of exploration expenditures and related costs incurred by the Company on the Butte Valley Property. The Company is also entitled to receive a 1.5% NSR on each of the two optioned properties.
The transaction is a non-arm's length transaction under TSX Venture Exchange rules.
About Lion CG
Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship MacArthur Copper Project in Mason Valley, Nevada, in addition to advancing its exploration projects including the Chaco Bear and Ashton properties in highly prospective regions in British Columbia, Canada, and the Blue Copper Project in Montana, USA.
Further information can be found at www.lioncg.com.
On behalf of the Board of Directors,
Stephen Goodman
President
For more information please contact
Karen Robertson
Corporate Communications
778-898-0057
Email: info@lioncg.com
Website: www.lioncg.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.