Lion Copper extends maturity of $2.7 million convertible debentures to May 2027
Lion Copper extended the maturity of $2.7 million in secured convertible debentures to May 6, 2027. The debentures carry 12% annual interest and a conversion price of $2.6055 per share.
1. Debenture terms
Lion Copper completed a restructuring of $2.7 million in secured convertible debentures, extending their maturity to May 6, 2027. Accrued interest will be paid as of November 6, 2026; interest during the extended term will be payable at maturity in cash or common shares, at the company’s discretion.
2. Warrants issued
Debenture holders received 518,135 common share purchase warrants, exercisable at $4.17 per share until November 6, 2031. The conversion price remains $2.6055 per common share.
