4/A: Lion Copper & Gold Corp: Director Tony L. Alford and Christine Alford Amend Ownership Disclosure After Recent Share Acquisitions
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., along with Christine Alford, amended their ownership disclosure to reflect recent transactions involving common shares and derivative securities.
Summary
- Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp. (LCGMF), and Christine Alford, filed an amendment to their Form 4, detailing changes in beneficial ownership.
- The amendment, dated September 26, 2024, revises a previous filing from August 13, 2024.
- Tony Alford acquired 746,000 common shares on August 9, 2024, at $0.052 per share, 616,000 common shares on August 12, 2024, at $0.052 per share and 436,398 common shares on August 13, 2024, at $0.053 per share.
- Following these transactions, Tony Alford directly owns 68,369,436 common shares.
- Additionally, Tony Alford holds derivative securities including convertible debentures, warrants, and options exercisable into millions of common shares.
- Christine Alford directly owns 15,234,794 common shares.
- The reporting persons jointly own 43,477,269 common shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's increased shareholding could be seen as a positive sign, but it's also a routine disclosure.
Positives
- The increased shareholding by a director could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Date of warrants exercisable into common shares. |
| 07/21/2023 | Date of options exercisable into common shares. |
| 08/18/2022 | Date of options exercisable into common shares. |
| 02/16/2024 | Date of convertible debentures and warrants exercisable into common shares. |
| 03/01/2024 | Date of options exercisable into common shares. |
| 03/08/2024 | Date of warrants exercisable into common shares. |
| 08/09/2024 | Tony Alford acquired 746,000 common shares at $0.052 per share. |
| 08/12/2024 | Tony Alford acquired 616,000 common shares at $0.052 per share. |
| 08/13/2024 | Tony Alford acquired 436,398 common shares at $0.053 per share; Date of original filing. |
| 02/16/2025 | Expiration date of convertible debentures and warrants exercisable into common shares. |
| 08/18/2025 | Expiration date of options exercisable into common shares. |
| 03/01/2029 | Expiration date of options exercisable into common shares. |
| 03/08/2029 | Expiration date of warrants exercisable into common shares. |
| 09/26/2024 | Date of amended filing. |
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