Form 4: Lion Copper & Gold Corp. Former Director Stephen J. Goodman Reports Share Disposals
SEC Form 4 Filing
Stephen J. Goodman, a former director of Lion Copper & Gold Corp., reported the disposal of common shares and holdings in derivative securities.
Summary
- Stephen J. Goodman, a former director of Lion Copper & Gold Corp., filed a Form 4 detailing changes in beneficial ownership.
- On August 13, 2024, he disposed of 410,100 common shares at $0.052 per share.
- On August 21, 2024, he disposed of 312,918 common shares at $0.053 per share.
- On August 22, 2024, he disposed of 186,666 common shares at $0.052 per share.
- Following these transactions, Goodman directly owns no common shares.
- Goodman indirectly owns 312,918 common shares through 1327094 BC Unlimited Liability Company.
- Goodman also holds options and warrants for millions of common shares at various exercise prices and expiration dates.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the disposal of shares by a former director, which could raise concerns among investors. However, the presence of options and warrants suggests continued involvement or belief in the company's potential.
Negatives
- A former director has disposed of a significant number of shares, which could be interpreted negatively by the market.
Risks
- The disposal of shares by a former director could create uncertainty among investors.
- The market may react negatively to the news of the share disposals.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of insiders and their potential impact on the market.
Stakeholder Impact
- Shareholders may react to the news of the share disposals by a former director.
- The market price of Lion Copper & Gold Corp. shares could be affected by these transactions.
Key Dates
| Date | Description |
|---|---|
| 05/25/2022 | Date of options grant exercisable until 05/25/2027 at $0.067 |
| 03/02/2023 | Date of warrants grant exercisable until 11/02/2024 at $0.07 |
| 07/21/2023 | Date of options grant exercisable until 07/21/2028 at $0.06 |
| 02/16/2024 | Date of 20% Convertible Debentures Due 2025 and Warrants grant exercisable until 02/16/2025 at $0.06 |
| 03/01/2024 | Date of options grant exercisable until 03/01/2029 at $0.052 |
| 03/08/2024 | Date of warrants grant exercisable until 03/08/2029 at $0.056 |
| 08/13/2024 | Disposal of 410,100 common shares at $0.052 per share. |
| 08/21/2024 | Disposal of 312,918 common shares at $0.053 per share. |
| 08/22/2024 | Disposal of 186,666 common shares at $0.052 per share. |
| 08/29/2024 | Date of signature for the Form 4 filing. |
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