4/A: Lion Copper & Gold Corp. CEO Steven Dischler Reports Changes in Beneficial Ownership
SEC Form 4/A
Steven Dischler, CEO of Lion Copper & Gold Corp., files an amended Form 4 detailing changes in his beneficial ownership of company securities, including options and shares.
Summary
- Steven A. Dischler, the CEO of Lion Copper & Gold Corp., filed an amended Form 4 with the SEC on August 12, 2024, reporting changes in his beneficial ownership of the company's securities.
- The report details transactions and holdings of common shares and derivative securities, including convertible debentures, warrants, and options.
- Dischler directly owns 6,951,975 common shares.
- He indirectly owns 52,500 common shares through his IRA and 100,000 shares as tenants in common with Julia Stewart.
- He holds warrants to purchase 1,901,922 common shares at prices ranging from $0.056 to $0.10.
- He also holds options to purchase 4,560,000 common shares at prices ranging from $0.052 to $0.245, with various vesting dates and expiration dates.
- 3,000,000 options were acquired on July 26, 2024, at a price of $0.058, with 500,000 vesting immediately and the remainder vesting upon completion of certain stages of an agreement with Rio Tinto.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions. The acquisition of options could be seen as a slightly positive sign, but it's balanced by the standard nature of the filing.
Positives
- The reporting person acquired 3,000,000 options on July 26, 2024, indicating a potential positive outlook on the company's future performance.
- Some options vest upon completion of stages in an agreement with Rio Tinto, suggesting potential progress in the company's projects.
Risks
- The vesting of a significant portion of the options is contingent upon the completion of stages in an agreement with Rio Tinto, which introduces uncertainty regarding their eventual exercisability.
Future Outlook
The vesting of a significant portion of the options is contingent upon the completion of stages in an agreement with Rio Tinto, which introduces uncertainty regarding their eventual exercisability.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stake in the company.
- Changes in insider ownership can influence investor sentiment and potentially impact the stock price.
Key Dates
| Date | Description |
|---|---|
| 10/21/2021 | Date of warrants with an exercise price of $0.10 and an expiration date of 10/21/2024. |
| 05/25/2022 | Date of options with an exercise price of $0.067 and an expiration date of 05/25/2027. |
| 03/02/2023 | Date of 14% Convertible Debentures Due 2024 and warrants with an exercise price of $0.07 and an expiration date of 11/02/2024. |
| 03/01/2024 | Date of options with an exercise price of $0.052 and an expiration date of 03/01/2029. |
| 03/08/2024 | Date of 14% Convertible Debentures Due 2024 and warrants with an exercise price of $0.056 and an expiration date of 03/08/2029. |
| 07/26/2024 | Date of the earliest transaction reported and acquisition of 3,000,000 options with an exercise price of $0.058 and an expiration date of 07/26/2029. |
| 08/01/2024 | Date of original filing. |
| 08/12/2024 | Date of the amended filing. |
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