Lion Copper extends $2.7 million convertible debentures to May 2027
LCU•Lion Copper agreed to extend $2.7 million of secured convertible debentures to May 6, 2027, from November 6, 2026. Holders will receive 518,135 warrants, each exercisable for one common share at $4.17 until November 6, 2031.
1. Debenture extension
Lion Copper agreed to extend $2.7 million of secured convertible debentures to May 6, 2027, from November 6, 2026. Accrued interest will be paid as of November 6, 2026. The debentures retain a 12% annual interest rate, payable at maturity in cash or common shares at the company’s discretion.
2. Warrant terms
As consideration for the restructuring, holders will receive 518,135 common share purchase warrants. Each warrant allows the purchase of one common share at $4.17 until November 6, 2031.
