Lion Copper Corp. Completes Restructuring of Convertible Debentures and Engages Atrium Research Corporation for Equity Research Coverage
Lion Copper completed a restructuring of its US$2.7M secured convertible debentures, extending maturity from November 6, 2026 to May 6, 2027. Accrued interest is payable in cash as of November 6, 2026; thereafter interest may be paid in cash or shares, and the debentures remain convertible at US$2.6055 per share. Debentureholders also received 518,135 warrants exercisable at US$4.17 until November 6, 2031.
Key figures
- Warrant expiry
- November 6, 2031
- Warrants issued
- 518135
- Conversion price
- US$2.6055
- Extended maturity
- May 6, 2027
- Debenture principal
- $2,700,000
- Warrant exercise price
- US$4.17
- Debenture interest rate
- 12% per annum
AI analysis
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