Lion Copper Corp. (LCGMF) Form 8-K — Oct 21, 2026
$LCGMFForm 8-KItems 1.01, 3.02, 7.01, 8.01, 9.01Filed Oct 21, 2026, 4:22 PM ET0001062993-26-005466Original filing
Lion Copper Corp. completed a restructuring of its US$2.7 million secured convertible debentures on October 20, 2026, extending maturity from November 6, 2026 to May 6, 2027. Accrued interest will be paid as of November 6, 2026, with interest on the extended term payable in cash or shares at the Company's election. As consideration, the Company issued 518,135 five-year warrants at US$4.17 per share to debenture holders, including Co-Chairman Tony Alford (a >20% shareholder) and director Mark Sharman, making the arrangement a related-party transaction.
Key figures
- Debt Amount
- 2700000
- Interest Rate
- 12
- Maturity Date
- 2027-05-06
- Warrant expiry
- 2031-11-06
- Warrants issued
- 518135
- Original maturity
- 2026-11-06
- Hold period expiry
- 2027-02-21
- Atrium upfront fee cad
- 38000
- Atrium quarterly fee cad
- 12000
- Warrant exercise price usd
- 4.17
- Debenture conversion price usd
- 2.6055
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