Lion Copper Extends $2.7M Debenture Maturity to May 2027
Lion Copper restructured its $2.7M secured convertible debentures, moving maturity to May 6, 2027 and granting holders 518,135 warrants.
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what happened
According to Newsfilecorp.com, Lion Copper Corp. has restructured $2.7 million of 12% secured convertible debentures. Their maturity has been extended to May 6, 2027, while accrued interest is payable as of November 6, 2026.
Under the revised terms, holders will receive 518,135 warrants carrying an exercise price of $4.17. The warrants expire on November 6, 2031. The debentures have a conversion price of $2.6055 per share, and interest may be settled in cash or shares.
why it matters
The amendment pushes the debenture repayment deadline into 2027, reducing the immediate refinancing timetable while leaving the company with an interest obligation. Conversion of the debentures or exercise of the warrants could increase the number of shares outstanding.
instruments
sources
- Lion Copper Corp. (LCU) Extends $2.7M Convertible Debentures to May 2027 — newsfilecorp.com, 12 October 2026 at 18:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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