4/A: Lion Copper & Gold Corp. Director Stephen J. Goodman Reports Changes in Beneficial Ownership
SEC Form 4/A
Director Stephen J. Goodman reports transactions involving Lion Copper & Gold Corp. shares, including the exercise of options and disposal of shares.
Summary
- Stephen J. Goodman, a director of Lion Copper & Gold Corp., filed an amended Form 4 detailing changes in his beneficial ownership of the company's securities.
- On June 5, 2024, Goodman exercised options to acquire 2,505,000 common shares at a price of $0.06 per share.
- Between May 29, 2024, and June 3, 2024, Goodman disposed of 2,525,000 common shares at prices ranging from $0.0769 to $0.08 per share.
- Following these transactions, Goodman directly owns 708,666 common shares and indirectly owns 2,380,952 common shares through 1327094 BC Unlimited Liability Company.
- He also holds various warrants and options to purchase additional common shares.
- The reported prices for the disposed shares are in Canadian dollars.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it primarily reports transactions. The disposal of shares could be seen as slightly negative, but the exercise of options is slightly positive.
Negatives
- The director disposed of a significant number of shares, which could be interpreted negatively by the market.
Risks
- Continued selling pressure from the director could negatively impact the stock price.
- The director's indirect ownership through a private company adds a layer of complexity to the ownership structure.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Warrants granted to purchase common shares at $0.07, expiring 11/02/2024 |
| 07/21/2023 | Options granted to purchase common shares at $0.06, expiring 07/21/2028 |
| 09/27/2021 | Warrants granted to purchase common shares at $0.1, expiring 09/27/2024 |
| 05/25/2022 | Options granted to purchase common shares at $0.067, expiring 05/25/2027 |
| 06/18/2021 | Options granted to purchase common shares at $0.245, expiring 06/18/2026 |
| 09/17/2021 | Options granted to purchase common shares at $0.11, expiring 09/17/2026 |
| 02/16/2024 | 20% Convertible Debentures Due 2025 |
| 02/16/2024 | Warrants granted to purchase common shares at $0.06, expiring 02/16/2025 |
| 03/01/2024 | Options granted to purchase common shares at $0.052, expiring 03/01/2029 |
| 03/08/2024 | Warrants granted to purchase common shares at $0.056, expiring 03/08/2029 |
| 05/29/2024 | Director disposed of 1,430,000 common shares at $0.0769. |
| 05/31/2024 | Director disposed of 1,075,000 common shares at $0.085. |
| 06/03/2024 | Director disposed of 20,000 common shares at $0.08. |
| 06/05/2024 | Director exercised options for 2,505,000 common shares at $0.06. |
| 06/07/2024 | Date of signature on the Form 4/A. |
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