Form 4: Lion Copper & Gold Corp: Insider Tony Alford Reports Significant Share and Derivative Transactions
SEC Form 4 Filing
Tony Alford, a director and 10% owner of Lion Copper & Gold Corp, reports acquiring and disposing of common shares, along with holding various derivative securities.
Summary
- Tony 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, with acquisitions of 404,546 shares on April 19, 2024, and 64,369 shares on April 22, 2024, at a price of $0.062 per share.
- Following these transactions, Tony Alford directly owns 55,347,838 common shares.
- The report also details ownership of various derivative securities, including convertible debentures, warrants, and options, with varying exercise prices and expiration dates.
- Christine Alford is also listed as a reporting person, also a director and 10% owner.
- Christine Alford holds 15,234,794 common shares.
- The reporting persons jointly hold 43,477,269 common shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisitions could be seen as slightly positive, but without more context, it's difficult to assess the overall impact.
Positives
- The acquisitions of common shares by Tony Alford could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into insider transactions. The significance of these transactions depends on the context of the company's overall performance and strategy.
Stakeholder Impact
- Shareholders may react to the reported transactions, depending on their interpretation of the insider's actions.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Date of warrants with an exercise price of $0.07 and an expiration date of 11/02/2024 |
| 07/21/2023 | Date of options with an exercise price of $0.06 and an expiration date of 07/21/2028 |
| 02/16/2024 | Date of 20% Convertible Debentures Due 2025 and warrants with an exercise price of $0.06 and an expiration date of 02/16/2025 |
| 03/01/2024 | Date of options with an exercise price of $0.052 and an expiration date of 03/01/2029 |
| 03/08/2024 | Date of warrants with an exercise price of $0.056 and an expiration date of 03/08/2029 |
| 04/19/2024 | Transaction date: Acquisition of 404,546 common shares at $0.062 |
| 04/22/2024 | Transaction date: Acquisition of 64,369 common shares at $0.062 |
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