Form 4: Lion Copper & Gold Corp. Insider Ownership Update: Alford Family Holdings Disclosed

Tony and Christine Alford disclose their holdings in Lion Copper & Gold Corp., including common shares, options, warrants, and convertible debentures.

Summary

• Tony and Christine Alford have disclosed their ownership in Lion Copper & Gold Corp.
• Tony Alford directly holds 83,699,622 common shares, while Christine Alford holds 15,234,794 common shares.
• They jointly hold 43,477,269 common shares.
• The Alfords also hold various options, warrants, and convertible debentures with different exercise prices and expiry dates.
• These holdings include options to purchase 3,750,000 common shares at $0.06 expiring on 2029-12-10, 4,645,000 common shares at $0.052 expiring on 2029-03-01, and 1,000,000 common shares at $0.06 expiring on 2028-07-21.
• They also hold warrants to purchase 14,000,000 common shares at $0.06 expiring on 2029-11-08, 35,946,812 common shares at $0.056 expiring on 2029-09-19, and 9,821,428 common shares at $0.056 expiring on 2029-03-08.
• Additionally, they hold 20% convertible debentures due in 2025, convertible into 833,333 common shares, with 50,000 of these held jointly.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of insider ownership, which is generally neutral. The significant holdings by the Alfords could be seen as a positive sign of confidence in the company, but the potential for dilution from options and warrants is a minor concern.

Positives

• The disclosure provides transparency regarding the ownership structure of Lion Copper & Gold Corp.
• The significant holdings by the Alfords suggest a strong alignment of interests with other shareholders.

Risks

• The exercise of options and warrants could potentially dilute existing shareholders' equity.
• The conversion of debentures could also increase the number of outstanding shares.

Industry Context

This disclosure is a standard requirement for individuals holding significant positions in publicly traded companies, ensuring transparency and allowing investors to understand the ownership structure.

Comparison to Industry Standards

• The disclosure of insider holdings is a common practice for publicly listed companies, and the level of detail provided by Lion Copper & Gold Corp. is consistent with industry standards.
• Other companies in the mining sector, such as Barrick Gold or Newmont, also regularly disclose insider ownership through similar filings.

Stakeholder Impact

• Shareholders will be interested in the ownership structure and the potential impact of option and warrant exercises.
• The disclosure provides transparency for all stakeholders.

Key Dates

Keywords

Lion Copper & Gold Corp, LCGMF, Ownership, Insider Holdings, Common Shares, Options, Warrants, Convertible Debentures, Tony Alford, Christine Alford