4/A: Lion Copper & Gold Corp.: Insider Tony L. Alford Amends Ownership Disclosure
SEC Form 4/A
Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., files an amendment to his Form 4, detailing changes in beneficial ownership of common shares and derivative securities.
Summary
- Tony L. Alford, a director and 10% owner of Lion Copper & Gold Corp., filed an amended Form 4 with the SEC.
- The amendment, dated September 26, 2024, revises a previous filing from September 24, 2024.
- The filing details changes in beneficial ownership of common shares and derivative securities, including warrants and options.
- The report indicates Mr. Alford directly holds 69,699,622 common shares.
- Christine Alford directly holds 15,234,794 common shares.
- The reporting persons jointly hold 43,477,269 common shares.
- Mr. Alford also holds warrants for 35,946,812 common shares exercisable at $0.056, expiring on 09/19/2029.
- Additional warrants and options are held with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Management Comments
- These warrants were issued to the reporting person in connection with a previous debt settlement in which certain creditors received shares and warrants and others, including the reporting person, received only shares.
- These warrants were issued to ensure that all creditors receive equal consideration for their debt settlements.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Date of warrants with exercise price of $0.07 and expiration date of 11/02/2024 |
| 07/21/2023 | Date of options with exercise price of $0.06 and expiration date of 07/21/2028 |
| 07/21/2023 | Date of options with exercise price of $0.06 and expiration date of 07/21/2028 |
| 08/18/2022 | Date of options with exercise price of $0.055 and expiration date of 08/18/2025 |
| 03/08/2024 | Date of warrants with exercise price of $0.056 and expiration date of 03/08/2029 |
| 02/16/2024 | Date of warrants with exercise price of $0.06 and expiration date of 02/16/2025 |
| 02/16/2024 | Date of 20% Convertible Debentures Due 2025 with exercise price of $0.06 and expiration date of 02/16/2025 |
| 03/01/2024 | Date of options with exercise price of $0.052 and expiration date of 03/01/2029 |
| 09/19/2024 | Date of transaction for warrants with exercise price of $0.056 and expiration date of 09/19/2029 |
| 09/24/2024 | Date of Original Filed |
| 09/26/2024 | Date of Amendment |
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