Douglas Avery Stiles, the Vice President of Sustainability and Environment at Lion Copper & Gold Corp. (OTC:LCGMF), recently acquired a significant number of shares in the company. According to a recent SEC filing, Stiles purchased 2,222,222 common shares at a price of $0.045 per share, amounting to a total transaction value of $99,999.
In addition to the common shares, Stiles also acquired 2,222,222 warrants with an exercise price of $0.06, set to expire on November 8, 2029. These acquisitions reflect Stiles' direct ownership in the company. The micro-cap company, valued at $18.87 million, maintains a strong balance sheet with more cash than debt, as highlighted in InvestingPro analysis.
The report also indicates that Stiles holds 2,000,000 options, with varying vesting conditions outlined in an agreement with Rio Tinto (NYSE:RIO) America Inc. These options are set to expire on July 26, 2029. InvestingPro subscribers can access additional insights, including 6 key ProTips and comprehensive financial metrics to better evaluate this insider buying activity.
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