Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan
  • Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant
  • Norway’s Karmsund Hydrogen Project to Begin Operations in 2028
  • ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse
  • Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies
  • Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network
  • RIC Energy Secures Site for 220MW Hydrogen-Based E-Fuels Project in Castilla y León
  • ITM Power Gets FEED Contract for Uniper’s Humber H2ub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - NEWS
Green Hydrogen H2 News

Lion secures $9.6 million to expand green hydrogen plan

Arnes BiogradlijaBy Arnes Biogradlija18/11/20212 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Lion Energy Limited has obtained strong commitments from knowledgeable investors and directors for $9.6 million at a price of 8 cents per ordinary share.

Subject to shareholder approval, all shares will carry a 1:2 option with a strike price of 12 cents per share and a maturity date of 30 months from the date of issuance (Options).

Tom Soulsby, Lion’s Executive Chairman, said “we are pleased to work with the team at Peak again to support Lion’s potential foray in the green hydrogen business in Australia. Peak brings a wealth of experience in supporting companies with green hydrogen and renewable investment businesses in Australia. We will outline more details of our Australian hydrogen strategy to investors shortly.”

The Company intends to seek listing of the new Options on the ASX.

The Options will be quoted subject to the Company preparing and lodging a prospectus in accordance with Chapter 6D of the Corporations Act 2001 (Cth) and meeting the quotation conditions set out in the ASX Listing Rules. Investors are cautioned that while the Company currently intends to seek quotation for the Options, Lion makes no assurances that quotation will be granted.

The capital increase will be completed in three tranches, with the first tranche of 76.25 million shares ($6,100,000) being offered on or about 22 November 2021 via the issue of 45,742,756 and 30,507,244 shares, respectively, under ASX Listing Rules 7.1 and 7.1A (Placement). Lion has engaged Peak Asset Management (“Peak”) as Corporate Advisor and Lead Manager for the Placement.

Appendix 1 is a summary of the Peak engagement’s material terms. The 1:2 Options are subject to shareholder approval at a public meeting to be conducted on or before 31 January 2022. (General Meeting). The second tranche, totaling $3,375,000, has been pledged via convertible notes from some existing and new Lion shareholders (Convertible Notes). The Convertible Notes will convert at an interest rate of 8.0 cents per share and will contain a 1:2 Option, subject to shareholder approval at the General Meeting.

The third tranche, in the amount of $125,000, has been pledged by directors or their nominees under the same circumstances as the Placement and is subject to shareholder approval at the General Meeting.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hydrogen

South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan

25/06/2025
Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025
hydrogen

Greece Weighs Hydrogen Ambitions Against Power Costs and Lack of Subsidies

25/06/2025
hydrogen

Teesside to Anchor £96M Pipeline Push as Ofgem Backs East Coast Hydrogen Network

24/06/2025
Hydrogen

South Korea’s Largest Hydrogen-Only Fuel Cell Plant Begins Operation in Ulsan

25/06/2025
Hydrogen

Ingeteam Commissions Castilla y León’s First Green Hydrogen Plant

25/06/2025
hydrogen

Norway’s Karmsund Hydrogen Project to Begin Operations in 2028

25/06/2025
hydrogen

ITM Power Bets on ‘Hydrogen-as-a-Service’ with New German Subsidiary Hydropulse

25/06/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.