Lionsgold Limited Appointment of Global Strategy Consultant (8468V)
November 08 2017 - 2:00AM
UK Regulatory
TIDMLION
RNS Number : 8468V
Lionsgold Limited
08 November 2017
08 November 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Appointment of Global Strategy Consultant
Lionsgold, the gold-focused exploration company with assets in
India and Finland, and a financial technology ("fintech")
subsidiary that provides online accounts for holding physical gold,
is pleased to announce that Mr. Alan Davies has agreed to become
Global Strategy Consultant for Lionsgold.
Mr. Davies is the former Chief Executive of Energy &
Minerals at Rio Tinto PLC ("Rio Tinto"). He has more than twenty
years' experience in operational and strategic development in the
global mining industry, including having been Chief Executive of
Diamonds & Minerals at Rio Tinto, and CFO of Rio Tinto Iron
Ore. Mr. Davies is deeply experienced in India, having had
executive responsibility for Rio Tinto in India for approximately
eight years, and over ten years of direct project responsibility in
India. Mr. Davies is a British and Australian citizen and former
Non-Executive Director of Rolls Royce Holdings PLC. He is currently
CEO of Moxico Resources PLC, a natural resources company targeting
a public market listing in 2018, and Non-Executive Director of
ASX-listed Global Geoscience Limited. Mr. Davies holds a Bachelor
of Business, Bachelor of Laws, a Master of Laws and is a Fellow of
the Chartered Accountants in Australia and New Zealand.
Mr. Davies has agreed to work with Lionsgold on a part-time
basis averaging two business days per month under an initial
12-month contract and the Company has agreed to remunerate him
through the issue of 5,000,000 new ordinary LION shares (subject to
a 6-month lock-in period) and warrants to subscribe for 5,000,000
ordinary shares with a 5-year term, of which 2,500,000 are
exercisable at 1.1p each and 2,500,000 are exercisable at 2.2p
each.
Cameron Parry, Lionsgold CEO, commented: "I am delighted to
announce that Alan Davies has agreed to work with Lionsgold to help
fulfil the potential of its projects. Alan shall contribute to LION
at a strategic level as the Company endeavours to maximise its
current interests in India as well as future allied commercial
opportunities in other jurisdictions, both with his extensive
experience in mining and in line with Lionsgold's plan to release
Goldbloc into the Indian market in the second half of 2018."
Alan Davies, Lionsgold Global Strategy Consultant, commented: "I
believe Lionsgold shall prove to be in an enviable position as the
only AIM-quoted company with substantial exposure to India's mining
industry, a market I know well and that I believe has massive
potential over the coming years and decades. I plan to help develop
Liongold's opportunities inside and outside of India, and assist in
the growth of their business model of combining the exploration and
production of gold with initiatives for its retail
application."
Application will be made to the London Stock Exchange for the
5,000,000 New Shares to be admitted to trading on AIM, on or around
or around 15 November 2017 ("Admission").
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the FCA ("DTRs"), the issued ordinary share
capital of Lionsgold following Admission shall be 259,211,719
Ordinary Shares with voting rights attached (one vote per share).
There are no shares held in treasury. This total voting rights
figure may be used by LION shareholders as the denominator for the
calculation by which they will determine whether they are required
to notify their interest in, or a change to their interest in,
Lionsgold under the DTRs.
For further information, please visit www.lionsgold.com or
contact:
Lionsgold Limited Tel: +44 (0)20 3778 0578
Cameron Parry (Chief Executive Officer)
Luke Cairns (Executive Director)
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) 207 920 3150
Emily Fenton
About LIONSGOLD
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.
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 gold backed online accounts for people to hold and
utilise physical gold; and
-- Gold exploration and production in Central Eastern Finland.
This information is provided by RNS
The company news service from the London Stock Exchange
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