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Form 4 LION COPPER & GOLD CORP. For: Feb 16 Filed by: Alford Tony L

February 22, 2024 9:39 PM EST
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 *
Alford Tony L

(Last) (First) (Middle)
7040 INTERLAKEN DRIVE

(Street)
KERNERSVILLE NC 27284

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LION COPPER & GOLD CORP. [ LCGMF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 02/16/2024   C (6)   3,500,000 A $ 0.074 4,038,000 D (1)  
Common Shares               15,234,794 D (2)  
Common Shares               43,477,269 D (3)  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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% Convertible Debentures Due 2024 $ 0.074 02/16/2024   C     $ 259,000 (6) 03/02/2023 11/02/2024 Common Shares 10,013,513 (6) $ 741,000 D (1)  
14% Convertible Debentures Due 2024 $ 0.078 02/16/2024   D     $ 50,000 03/08/2022 03/08/2024 Common Shares 3,205,128 (7) $ 250,000 D (1)  
20% Convertible Debentures Due 2025 $ 0.06 02/16/2024   A   $ 50,000   02/16/2024 02/16/2025 Common Shares 833,333 (7) $ 50,000 D (1)  
Warrants $ 0.06 02/16/2024   A   833,333   02/16/2024 02/16/2025 Common Shares 833,333 (7) 833,333 D (1)  
14% Convertible Debentures Due 2024 $ 0.078             02/17/2022 02/17/2024 Common Shares 3,205,128   $ 250,000 D (1)  
Warrants $ 0.07             03/02/2023 11/02/2024 Common Shares 14,133,684   14,133,684 D (1)  
Warrants $ 0.067             02/17/2022 02/17/2024 Common Shares 3,731,343   3,731,343 D (1)  
Warrants $ 0.067             03/08/2022 03/08/2024 Common Shares 4,477,611   4,477,611 D (1)  
Options $ 0.06             07/21/2023 07/21/2028 Common Shares 1,000,000   1,000,000 D (1)  
Options $ 0.06             07/21/2023 07/21/2028 Common Shares 4,600,000   4,600,000 D (1)  
Options $ 0.245 (4)             06/18/2021 06/18/2026 Common Shares 400,000   400,000 D (1)  
Options $ 0.11 (4)             09/17/2021 09/17/2026 Common Shares 1,500,000   1,500,000 D (1)  
Options $ 0.09 (4)               (5) 10/21/2026 Common Shares 1,500,000   1,500,000 D (1)  
Options $ 0.067             05/25/2022 05/25/2027 Common Shares 700,000   700,000 D (1)  
Options $ 0.055             08/18/2022 08/18/2025 Common Shares 957,713   957,713 D (1)  
Explanation of Responses:
1. Held by Tony Alford
2. Held by Christine Alford
3. Held jointly by the reporting persons
4. Price is in Canadian dollars
5. 25% of the options vested immediately upon grant on 10-21-21, 25% vested on 1-21-22, 25% vested on 4-21-22, and 25% vested on 7-21-22
6. The reporting person converted $259,000 principal amount of 14% Convertible Debentures Due 2024 into 3,500,000 Common Shares
7. The reporting person exchanged $50,000 principal amount of 14% Convertible Debentures Due 2024 for $50,000 principal amount of 20% Convertible Debentures Due 2025 and 833,333 Warrants
/s/ Tony L. Alford 02/22/2024
** Signature of Reporting Person Date
/s/ Christine Alford 02/22/2024
** 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.


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