Form 4: Lion Copper & Gold Corp. Director and 10% Owner Tony Alford Acquires 14 Million Shares and Warrants

Tony Alford, a director and 10% owner of Lion Copper & Gold Corp., acquired 14 million common shares and warrants, increasing his total holdings.

Summary

• Tony Alford, a director and 10% owner of Lion Copper & Gold Corp., has reported a transaction involving the acquisition of 14,000,000 common shares at a price of $0.045 per share on November 8, 2024.
• In addition to the share purchase, Mr. Alford also acquired 14,000,000 warrants with an exercise price of $0.06, exercisable from November 8, 2024, to November 8, 2029.
• Following these transactions, Mr. Alford directly owns 83,699,622 common shares, and his wife, Christine Alford, directly owns 15,234,794 common shares.
• The couple jointly owns 43,477,269 common shares.
• Mr. Alford also holds various other warrants and options with different exercise prices and expiration dates.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The insider purchase suggests confidence, but the document is a routine filing and does not provide any information about the company's overall performance.

Positives

• The acquisition of a significant number of shares by a director and 10% owner may indicate confidence in the company's future prospects.
• The purchase of warrants suggests a long-term commitment from Mr. Alford, as they have a five-year exercise period.

Risks

• The document does not provide any information about the source of funds for the share purchase.
• The document does not provide any information about the company's overall financial health or future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is required when insiders of a publicly traded company make transactions in the company's securities. It is common for directors and major shareholders to adjust their holdings.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and the information provided is consistent with what is typically disclosed in such filings.
• The transaction is not unusual for a director and 10% owner, and the size of the transaction is not out of the ordinary for a company of this size.

Stakeholder Impact

• The share purchase by a director and 10% owner may be viewed positively by shareholders, potentially increasing confidence in the company.

Key Dates

Keywords

Lion Copper & Gold Corp., LCGMF, Tony Alford, Christine Alford, insider trading, share acquisition, warrants, common shares, beneficial ownership, director, 10% owner