Lionsgold Limited Broker Change and Finland Gold Update (0534Y)
February 28 2017 - 4:33AM
UK Regulatory
TIDMLION
RNS Number : 0534Y
Lionsgold Limited
28 February 2017
28 February 2017
Lionsgold Limited
("Lionsgold" or "the Company")
Broker Change and Finland Gold Update
Lionsgold, the AIM-quoted India-focused gold exploration company
with gold assets in Finland and a physical gold online trading
platform, advises its broker has changed from Vicarage Capital
Limited ("Vicarage") to Smaller Company Capital Limited ("SCC")
following the approval of the latter as a standalone member of the
London Stock Exchange. SCC has previously been providing broking
services to the Company under Vicarage's regulatory umbrella.
Finland Gold Update
Lionsgold has commenced payments for the EUR350,000 committed
and budgeted for under its Finland Gold joint venture. These
payments for equity are being made to the Finnish JV operating
company, Kalevala Gold Oy ("Kalevala") as and when required by
Kalevala. The funds are being used for preparatory work in the lead
up to bulk sampling activities planned for Q3 this year. As
previously announced, once EUR350,000 in total has been paid to
Kalevala, Lionsgold shall own 28.3% of Kalevala.
Cameron Parry, Chief Executive Officer, commented: "This is an
exciting time as we look to develop the Company rapidly under the
Lionsgold brand. I am pleased to report that our Finland Gold JV is
progressing well and Lionsgold has commenced paying the next
EUR350,000 previously agreed to see Lionsgold's shareholding
increase through 28% of Kalevala, our Finnish operating
company."
For further information, please contact:
Lionsgold Limited Tel: +44 (0) 20 7397 2880
Cameron Parry (Chief Executive
Officer)
Luke Cairns (Executive
Director)
WH Ireland Limited (Nominated Tel: +44 (0) 113 394 6600
Adviser)
Tim Feather
Ed Allsopp
Smaller Company Capital Tel: +44 (0) 20 3651 2911
Limited (Joint Broker)
Rupert Williams
Jeremy Woodgate
Tel: +44 (0) 20 7920 3150
Tavistock (Financial PR)
Emily Fenton
Edward Lee
About LIONSGOLD
Lionsgold is an AIM-quoted India-focused gold exploration
company, with complementary gold assets in Finland and an online
exchange targeting the India market for retail users to directly
own and trade physical gold.
Lionsgold's three core focuses:
-- Strategic partnership with leading India gold exploration and
mine development company, Geomysore, in which Lionsgold owns
20.5%;
-- Physical gold holding and trading fintech platform for the Indian market; and
-- Gold exploration and production in Finland.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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