Lion Copper Renames and Prepares for Stock Consolidation

Lion Copper and Gold Corp., trading as LCGMF on OTCQB, is undergoing significant changes. The company will rename itself to Lion Copper Corp. and initiate a 1-for-27 reverse stock split, reducing its outstanding shares from approximately 431 million to around 16 million post-consolidation.

The share consolidation was approved by shareholders at the annual meeting on August 12, 2026. This move is part of the company's application to list on the Nasdaq Capital Market, which requires a minimum bid price of $4 per share among other listing conditions.

There is no assurance that the Nasdaq listing application will be approved or that the required listing conditions will be satisfied. The effective date for these changes remains subject to Canadian Securities Exchange approval.