Lionsgold Limited Additional Financing and Statement re. Share Price (2017Y)
02 12월 2017 - 1:35AM
UK Regulatory
TIDMLION
RNS Number : 2017Y
Lionsgold Limited
01 December 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Additional Financing and Statement re. Share Price Movement
Lionsgold (LON: LION), the AIM quoted company focused on the
exploration, production and retail application of physical gold,
including the development of the Goldbloc digital currency, is
pleased to announce that it has raised an additional GBP200,000 in
gross proceeds on the same terms as the placing announced on 30
November 2017 (the "Additional Placing").
The Additional Placing comprises the issue of 25,000,000 new
ordinary shares of no par value (the "Placing Shares") at 0.8p per
share with a 1 for 1 attaching warrant exercisable up to and
including 31 December 2018 at 1.2p ("Placing Warrants").
Separately, the Directors have noted today's increase in the
share price and confirm that , save as previously disclosed, they
know of no reason for the increase.
Cameron Parry, Chief Executive Officer of Lionsgold, commented:
"Following the announcement of the placing yesterday, the Company
was approached earlier today by a group of high net worth
individuals new to the shareholder base on the proviso the funds
are applied to our gold currency Goldbloc and the operations in
that part of Lionsgold's business.
"The board believes these extra funds, applied with that focus,
can benefit the rollout of Goldbloc in coming months and we look
forward to releasing further news on all three business divisions
in due course."
Additional Placing
The Company is raising gross proceeds of GBP200,000 through the
placing of 25,000,000 Placing Shares at a price of 0.8 pence per
share (the "Placing Price") raising gross proceeds of GBP200,000
from a group of high net worth investors new to the Company.
The Additional Placing incorporates the issue of warrants to
subscribe for 25,000,000 new Ordinary Shares at an exercise price
of 1.2 pence per warrant on the basis of 1 Placing Warrant per 1
Placing Share, with an exercise period of up to 31 December 2018.
If the Lionsgold share price exceeds a 5 day volume weighted
average price exceeding 3.6p during the warrant term, the Company
has the right to serve notice on warrant holders to exercise
warrants. Should the Company serve notice, any Placing Warrants
unexercised within the 7 day time period allowed would be
cancelled.
The issue of the 25,000,000 Placing Shares and 25,000,000
Placing Warrants is conditional upon shareholder approval at the
Company's AGM to be held on or around 28 December 2017, and subject
to approval being granted, the Placing Shares shall be admitted to
trading on AIM on or around 29 December 2017.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Lionsgold Limited Tel: +44 (0)203778 0578
Cameron Parry (Chief Executive Officer)
WH Ireland Limited (Nominated Adviser) Tel: +44 (0)113 394 6600
Tim Feather/Ed Allsopp
Smaller Company Capital Limited (Joint Broker) Tel: +44 (0)20 3651 2911
Rupert Williams / Jeremy Woodgate
Beaufort Securities Limited (Joint Broker) Tel: +44 (0)20 7382 8300
Elliot Hance
Tavistock (Financial PR) Tel: +44 (0) 20 7920 3150
Edward Lee
About LIONSGOLD Limited (LON: LION)
Lionsgold is a London Stock Exchange AIM market quoted,
gold-focused company involved in the exploration, production and
retail application of physical gold, with gold assets in India and
Finland and a majority owned financial technology company
developing the digital gold currency, Goldbloc.
Lionsgold's three core focuses are:
-- Strategic partnership with leading India gold exploration and
mine development company, Geomysore, in which Lionsgold holds
21.15%;
-- Majority ownership of a financial technology platform
providing online accounts for people to hold and utilise physical
gold (www.goldbloc.com / www.indexgold.com /
www.therealasset.co.uk); and
-- Gold exploration and production in Central Eastern Finland.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 01, 2017 11:35 ET (16:35 GMT)
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