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Lion One gets $37 million funding for Fiji project

TSX- and ASX-listed Lion One Metals has secured US$37 million in financing to be used towards accelerating construction and development of its 100% owned Tuvatu Alkaline Gold Project in Fiji and expects first production in December of this year.

Lion One gets $37 million funding for Fiji project Lion One gets $37 million funding for Fiji project Lion One gets $37 million funding for Fiji project Lion One gets $37 million funding for Fiji project Lion One gets $37 million funding for Fiji project

Once the deal is closed, Nebari is to be issued 15.33 million warrants into shares of Lion One at a price of C$1.49 (US$1.11) for a period of 48 months.

The financing facility is with US-based investment manager Nebari. It consists of a $35 million senior secured first lien term loan and a $2 million equity investment.

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