Form 4: Lion Copper & Gold Corp. Insider Ownership Update: Charles Travis Naugle's Holdings Detailed

This document outlines the various holdings of Charles Travis Naugle in Lion Copper & Gold Corp., including common shares, options, warrants, and convertible debentures.

Summary

• This document details the ownership of Charles Travis Naugle in Lion Copper & Gold Corp. as of December 10, 2024.
• Mr. Naugle directly holds 1,333,333 common shares and indirectly holds 833,334 common shares through Redhill Energy LLC.
• He also holds options to purchase 3,750,000 common shares, exercisable at $0.06 per share, expiring on December 10, 2029.
• Additionally, Mr. Naugle holds options for 1,000,000 shares at $0.11 expiring on September 17, 2026, and 780,000 shares at $0.06 expiring on July 21, 2028.
• Mr. Naugle also holds 4,385,965 common shares through 20% convertible debentures due in 2025.
• Various other holdings are listed through Nagora Investments LLC, Charles Naugle IRA, Charles Naugle Roth IRA, and Ekaterina Naugle IRA, including warrants and convertible debentures.
• The conversion price for all warrants and debentures is $0.06 per share, and all prices are in Canadian dollars.

Sentiment

Score: 7

Explanation: The document is neutral in tone, providing factual information about insider ownership. The large number of options and convertible debentures held by Mr. Naugle could be seen as a positive sign of his confidence in the company's future.

Positives

• The document provides a detailed breakdown of Charles Travis Naugle's holdings, offering transparency into his investment in the company.
• The large number of options held by Mr. Naugle at a low conversion price of $0.06 per share suggests a potential for significant future ownership.

Negatives

• The document does not provide any negative information about the company or Mr. Naugle's holdings.

Risks

• The document does not explicitly mention any risks, but the conversion of debentures and exercise of options could potentially dilute existing shareholders.
• The value of the holdings is subject to the market price of Lion Copper & Gold Corp. shares.

Industry Context

This document provides insight into the ownership structure of Lion Copper & Gold Corp., which is relevant for investors in the mining and resource sector. It is common for insiders to hold significant positions in such companies.

Comparison to Industry Standards

• It is common for executives in mining companies to hold a mix of shares, options, and convertible securities.
• The specific terms of the options and debentures, such as the conversion price of $0.06 per share, would need to be compared to similar instruments in comparable companies to assess their relative value and impact.
• Companies like Hudbay Minerals or Lundin Mining could be used as benchmarks for comparison of insider ownership structures.

Stakeholder Impact

• The information in this document is relevant to shareholders as it provides insight into the ownership structure of the company.
• The potential conversion of debentures and exercise of options could impact the share price and ownership structure.

Key Dates

Keywords

Lion Copper & Gold Corp, Ownership, Charles Travis Naugle, Common Shares, Options, Warrants, Convertible Debentures, Insider Holdings