Lion Copper and Gold Corp. has announced a corporate restructuring that includes a name change and a significant share consolidation. The company will change its name to "Lion Copper Corp." and will consolidate its issued and outstanding common shares on a basis of twenty-seven (27) pre-consolidation shares for one (1) post-consolidation share.
The consolidation is intended to increase the quoted price per share to satisfy the initial listing requirements of the Nasdaq Capital Market, which include a minimum bid price of $4 per share. The company is pursuing this listing as part of the consolidation process. The share consolidation was approved by shareholders at the company's annual meeting held on August 12, 2026.
Effective at the market opening on September 14, 2026, the common shares are expected to commence trading on the Canadian Securities Exchange under the new name and the new stock symbol "LCU" on a post-consolidated basis. The effective date is subject to approval from the CSE.
As a result of the consolidation, the number of issued and outstanding common shares will be reduced from 431,332,099 to approximately 15,975,263 post-consolidated shares, subject to rounding. No fractional shares will be issued; fractions of 0.5 or greater will be rounded up, while fractions of less than 0.5 will be rounded down. The exercise or conversion price and the number of common shares issuable under outstanding convertible securities will be proportionately adjusted.
The change of name reflects the company's focus on its copper assets, including its flagship copper project in Yerington, Nevada, which is being advanced through an earn-in agreement with Nuton LLC, a venture of Rio Tinto.
