Form 4: Lion Copper & Gold Corp.: Director Tony L. Alford Reports Transactions in Beneficial Ownership
SEC Form 4
Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., reports transactions including the acquisition of options and holdings in common shares and convertible debentures.
Summary
- Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions in common shares, options, and convertible debentures.
- Alford directly holds 4,038,000 common shares.
- Christine Alford directly holds 15,234,794 common shares.
- Tony and Christine Alford jointly hold 43,477,269 common shares.
- Tony Alford acquired 4,645,000 options with an exercise price of $0.052 on March 1, 2024, exercisable from the same date and expiring on March 1, 2029.
- The report also details holdings in various convertible debentures and warrants.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.
Positives
- The acquisition of options by a director may indicate confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure required by the SEC for insiders of publicly traded companies. It provides transparency into the transactions of key individuals and their potential alignment with shareholder interests.
Stakeholder Impact
- The reported transactions provide shareholders with insights into the investment activities of a director and significant owner.
Key Dates
| Date | Description |
|---|---|
| 03/08/2022 | Date of 14% Convertible Debentures Due 2024 |
| 05/25/2022 | Date of Options |
| 07/21/2023 | Date of Options |
| 02/16/2024 | Date of 20% Convertible Debentures Due 2025 and Warrants |
| 03/01/2024 | Date of Earliest Transaction and Options acquisition |
| 03/05/2024 | Date of Signature |
| 02/16/2025 | Expiration Date of 20% Convertible Debentures Due 2025 and Warrants |
| 03/01/2029 | Expiration Date of Options |
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