10:46 AM EDT, 07/19/2024 (MT Newswires) -- Lion One Metals ( LOMLF ) was at last look down 20% at last look and had hit fresh 52-week lows as it moved Friday to upsize its private placement to $10 million, from $7.5 million. It said proceeds will be used or working capital and general corporate purposes.

A statement noted the company will issue more than 27 million units at $0.37 each. Each unit will consist of one common share and one warrant. Each warrant is exercisable for one share at $0.50 for three years. The offering is expected to close around July 26.

Price: 0.36, Change: -0.09, Percent Change: -19.78