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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lionsgold | LSE:LION | London | Ordinary Share | GG00B3M9KL68 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLION
RNS Number : 7962Z
Lionsgold Limited
19 December 2017
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Exercise of Warrants and Director/PDMR Shareholding
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, announces that it has received notices of exercise in respect of warrants to subscribe for new ordinary shares of no par value each ("Ordinary Shares") at a price per share as listed below (the "Warrant Shares").
Number of Warrants Exercise Price 16,386,366 1.5p 4,545,454 2.2p 4,000,000 1.2p
The Company will therefore issue and allot 24,931,820 Warrant Shares for the receipt of GBP393,795. Application will be made for 24,931,820 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 27 December 2017.
In addition to the Warrant Shares set out above, Yarramen Corp Limited, which is owned by a family trust of Cameron Parry, Lionsgold's CEO, has exercised warrants to subscribe for 1,500,000 new Ordinary Shares at a price per share of 1.5p, with payment of GBP22,500 received by LION during the exercise period. The resulting new Ordinary Shares will only be issued subject to the passing of the necessary resolutions at the Company's AGM to be held on 28 December 2017.
Further, Lionsgold's CEO, Cameron Parry, has notified the Company that he has transferred 7,000,000 Ordinary Shares he previously held in his own name to Yarramen Corp Limited. Following this transfer (and not including the warrant exercise subject to AGM), Mr. Parry is interested in 10,000,000 Ordinary Shares, all of which are held in the name of Yarramen Corp Limited.
Total Voting Rights
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the issued ordinary share capital of Lionsgold following the issue of the Warrant Shares, there shall be 320,711,718 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 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.
Enquiries:
Lionsgold Limited Tel: +44 (0)20 3778 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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(END) Dow Jones Newswires
December 19, 2017 06:42 ET (11:42 GMT)
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