Form 4: Lion Copper & Gold Corp. Director Stephen J. Goodman Reports Share Disposal and Beneficial Ownership Changes

Sentiment:

SEC Form 4


Director Stephen J. Goodman reports the disposal of 333,334 common shares at $0.085 CAD and updates on beneficial ownership of common shares, warrants, debentures and options in Lion Copper & Gold Corp.

Summary

  • On April 25, 2024, Stephen J. Goodman, a director of Lion Copper & Gold Corp., disposed of 333,334 common shares at a price of $0.085 CAD per share.
  • Following this transaction, Goodman directly owns 728,666 common shares.
  • Goodman also indirectly owns 2,380,952 common shares through 1327094 BC Unlimited Liability Company.
  • The report details Goodman's holdings in various derivative securities, including warrants and options, with different exercise prices and expiration dates.
  • These derivative securities represent the right to acquire a significant number of additional common shares.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the director's share disposal, which could raise concerns about the company's prospects, although the director still holds a significant amount of shares and derivative securities.

Negatives

  • Stephen J. Goodman disposed of 333,334 common shares, which could be interpreted negatively by the market.

Risks

  • The disposal of shares by a director could signal a lack of confidence in the company's future prospects.
  • The value of the derivative securities held by Goodman is dependent on the future performance of Lion Copper & Gold Corp.'s common shares.

Stakeholder Impact

  • Shareholders may react to the director's share disposal, potentially affecting the stock price.
  • The changes in beneficial ownership could influence investor perception of the company's stability and future prospects.

Key Dates

DateDescription
09/27/2021Warrants with a strike price of $0.1 expire on 09/27/2024
05/25/2022Options with a strike price of $0.067 expire on 05/25/2027
03/02/2023Warrants with a strike price of $0.07 expire on 11/02/2024
07/21/2023Options with a strike price of $0.06 expire on 07/21/2028
02/16/202420% Convertible Debentures Due 2025 and Warrants with a strike price of $0.06 expire on 02/16/2025
03/01/2024Options with a strike price of $0.052 expire on 03/01/2029
03/08/2024Warrants with a strike price of $0.056 expire on 03/08/2029
04/25/2024Director Stephen J. Goodman disposed of 333,334 common shares at $0.085 CAD per share
06/07/2024Date of signature for the SEC Form 4 filing

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