| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LION COPPER & GOLD CORP. [ LCGMF ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/08/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Shares | 03/08/2024 | A | 320,571(3) | A | $0.042 | 653,905 | D | |||
| Common Shares | 03/08/2024 | A | 408,095(4) | A | $0.042 | 1,062,000 | D | |||
| Common Shares | 03/08/2024 | A | 2,380,952(5) | A | $0.042 | 2,380,952 | I | By 1327094 BC Unlimiteed Liability Company | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| 14% Converible Debentures Due 2024 | (1) | 03/08/2024 | D | $10,000 | 07/08/2022 | 03/08/2024 | Common Shares | (1) | (3) | $0 | D | ||||
| 14% Convertible Debentures Due 2024 | (2) | 03/08/2024 | D | $15,000 | 03/02/2023 | 11/02/2024 | Common Shares | (2) | (4) | $0 | D | ||||
| 20% Convertible Debentures Due 2025 | $0.06 | 02/16/2024 | 02/16/2025 | Common Shares | 83,333 | $5,000 | D | ||||||||
| Warrants | $0.056 | 03/08/2024 | A | 2,380,952(5) | 03/08/2024 | 03/08/2029 | Common Shares | 2,380,952 | $0.00 | 2,380,952 | I | By 1327094 BC Unlimited Liability Company | |||
| Warrants | $0.07 | 03/02/2023 | 11/02/2024 | Common Shares | 212,006 | 212,006 | D | ||||||||
| Warrants | $0.1 | 09/27/2021 | 09/27/2024 | Common Shares | 333,334 | 333,334 | D | ||||||||
| Warrants | $0.06 | 02/16/2024 | 02/16/2025 | Common Shares | 83,333 | 83,333 | D | ||||||||
| Options | $0.052 | 03/01/2024 | 03/01/2029 | Common Shares | 1,430,000 | 1,430,000 | D | ||||||||
| Options | $0.06 | 07/21/2023 | 07/21/2028 | Common Shares | 1,000,000 | 1,000,000 | D | ||||||||
| Options | $0.06 | 07/21/2023 | 07/21/2028 | Common Shares | 3,508,772 | 3,508,772 | D | ||||||||
| Options | $0.067 | 05/25/2022 | 05/25/2027 | Common Shares | 700,000 | 700,000 | D | ||||||||
| Options | $0.067 | 05/25/2022 | 05/25/2027 | Common Shares | 1,470,000 | 1,470,000 | D | ||||||||
| Options | $0.245(6) | 06/18/2021 | 06/18/2026 | Common Shares | 500,000 | 500,000 | D | ||||||||
| Options | $0.11(6) | 09/17/2021 | 09/17/2026 | Common Shares | 1,500,000 | 1,500,000 | D | ||||||||
| Explanation of Responses: |
| 1. Conversion price is $0.067 per share until 7-8-23 and thereafter is $0.078 per share |
| 2. Conversion price is $0.07 per share until 1-2-24 and thereafter is $0.074 per share |
| 3. The reporting person received 320,571 common shares in settlement of $10,000 principal amount of 14% Convertible Debentures Due 2024 and all interest accrued thereon. |
| 4. The reporting person received 408,095 common shares in settlement of $15,000 principal amount of 14% Convertible Debentures Due 2024 and all interest accrued thereon |
| 5. The reporting person acquired 2,380,952 common shares and 2,380,952 warrants in a private offering of units |
| 6. Price is in Canadian dollars |
| /s/ Stephen J. Goodman | 03/12/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||