10:49 AM EST, 02/06/2025 (MT Newswires) -- Lion One Metals ( LOMLF ) was down 20% on last look after it priced its overnight marketed underwritten offering of more than 22 million units at $0.34 apiece for $7.5 million proceeds.

A statement noted the underwriters have also been granted a 15% over-allotment option.

It said each Unit will consist of one common share and one warrant. Each 36-month warrant can buy one share at $0.41.

Proceeds will be used to develop the company's projects in Fiji.

Lion One Metals ( LOMLF ) was last seen down $0.08, to $0.305, on the TSX Venture Exchange.

Price: 0.31, Change: -0.08, Percent Change: -20.78