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Lion One gets $37 million funding for Fiji project

TSX- and ASX-listed Lion One Metals has secured US$37 million in financing to be used towards accelerating construction and development of its 100% owned Tuvatu Alkaline Gold Project in Fiji and expects first production in December of this year.

Nathan Richardson
Once the deal is closed, Nebari is to be issued 15.33 million warrants into shares of Lion One at a price of C$1.49 (US$1.11) for a period of 48 months.

Once the deal is closed, Nebari is to be issued 15.33 million warrants into shares of Lion One at a price of C$1.49 (US$1.11) for a period of 48 months.

The financing facility is with US-based investment manager Nebari. It consists of a $35 million senior secured first lien term loan and a $2 million equity investment. The loan is to be funded in up...

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