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Lion One raises C$11.5 million

Kitco News

Fiji-focused Lion One said today it closed its previously announced brokered private placement and raised C$11.5 million.

Echelon Wealth Partners Inc. and Eight Capital were the co-lead agents for the financing.

"The company is now well capitalized to continue our exploration work on the Navilawa alkaline gold system to expand the Tuvatu project while simultaneously advancing development planning for the Tuvatu project," said CEO Walter Berukoff.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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