Please be aware that the information provided is a summary of select releases made to the ASX, as evaluated and interpreted by ASX Briefs. It is important to thoroughly read the entire original release before forming an opinion, rather than relying solely on the brief overview presented here. ASX Briefs is not associated with the ASX. ASX Briefs is an experimental AI project incorporating chatGPT, and as such, does not guarantee the accuracy of the information provided.
Lion One Metals Limited has completed its previously announced debt and equity financing transaction and has received total proceeds of US$25 million.
The funding of the US$23 million 1st tranche (“Tranche 1”) of the financing facility was provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP.
An additional US $12 million is available under the Financing Facility at Lion One’s option in up to two further tranches which may be drawn on.