|By Marketwired .||
|June 27, 2014 06:10 PM EDT||
NORTH VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/27/14 -- Lion One Metals Limited (TSX VENTURE:LIO)(FRANKFURT:LY1)(OTCQX:LOMLF)(ASX:LLO) ("Lion One" or the "Company") announces the resignation of David Duval as a Director of the Company, for personal reasons. The Company also announces it has granted a total of 1,775,000 incentive stock options to officers, directors, employees, and consultants. Subject to the approval of the TSX Venture Exchange, each option is exercisable into one common share of the Company, for a period of five years from the date of grant, at a price of $0.35 per share, vesting over a period of three years from the date of grant. The total number of shares currently issued and outstanding is 60,175,608, with a total of 4,240,000 option issued, with no outstanding warrants, for a total of 64,415,608 shares fully diluted.
"David Duval has served on the Lion One Board since 2009. We thank him for his contributions and wish him well with his future endeavours," said Lion One Chairman and C.E.O. Walter Berukoff.
About Lion One Metals Limited
Lion One Metals Limited is a Canadian resource company focused on the acquisition, exploration and development of mineral projects worldwide. The Company's priority is the advancement of the Tuvatu Gold Project in Fiji, the Olary Creek Iron Ore Project in South Australia, and additional exploration-stage projects in Fiji, Australia, and Argentina.
On Behalf of the Board of Directors
Hamish Greig, VP, Director, Corporate Secretary
Lion One Metals Limited
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.