Form 4: Lion Copper & Gold Corp.: Director Tony L. Alford and Christine Alford Increase Stake in Company
SEC Form 4 Filing
Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., along with Christine Alford, reported the acquisition of common shares and holding of derivative securities.
Summary
- On June 12th and 13th, 2024, Tony L. Alford acquired a total of 867,200 common shares of Lion Copper & Gold Corp. at prices ranging from $0.055 to $0.0583 per share.
- These purchases increased Tony L. Alford's direct holdings to 62,599,038 common shares.
- The report also details Tony L. Alford's ownership of various derivative securities, including convertible debentures, warrants, and options, exercisable at different prices and expiration dates.
- Christine Alford is also listed as a 10% owner holding 15,234,794 common shares.
- The reporting persons jointly hold 43,477,269 common shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. Insider buying can be seen as a positive signal, but the document primarily reports transactions without expressing an opinion on the company's prospects.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The increased stake of a director and 10% owner could increase investor confidence.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Warrants for Common Shares expire 11/02/2024 |
| 07/21/2023 | Options for Common Shares expire 07/21/2028 |
| 02/16/2024 | 20% Convertible Debentures Due 2025 |
| 03/01/2024 | Options for Common Shares expire 03/01/2029 |
| 03/08/2024 | Warrants for Common Shares expire 03/08/2029 |
| 06/12/2024 | Tony L. Alford purchased 268,000 common shares at $0.0551 and 292,000 common shares at $0.055. |
| 06/13/2024 | Tony L. Alford purchased 208,000 common shares at $0.055, 28,000 common shares at $0.0578, and 69,200 common shares at $0.0583. |
| 06/14/2024 | Date of signatures for Tony L. Alford and Christine Alford. |
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