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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
Lionsgold Limited
31 January 2018
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Goldbloc Banking Platform To Utilise Mastercard
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 report that Railsbank Technology Limited ("Railsbank"), with whom Lionsgold recently signed a Binding Heads of Agreement ("BHA") for a 12.5% equity stake and exclusive use of their banking and compliance platform for physical gold and gold derivatives, has today announced that it has entered into an agreement with business to business card issuer, Cornercard UK, to see Mastercard debit cards issued in connection with bank accounts provided through the Railsbank platform.
Railsbank, the UK-based open banking and regtech platform, will become a debit card programme manager under the agreement with Cornercard UK, allowing Railsbank customers, such as Lionsgold's fintech subsidiary's digital gold currency, Goldbloc, to have their own branded Mastercard debit cards that work with Railsbank bank accounts and International Bank Account Numbers ("IBAN"s).
Lionsgold Chief Executive Officer, Cameron Parry, commented: "This is excellent news for Railsbank and for Goldbloc. With Railsbank entering into an agreement with Cornercard UK and confirming the use of Mastercard with their debit cards, this locks in another exciting aspect of the Goldbloc offering, due for release in Q2 this year.
"Further, Lionsgold is midway through its due diligence in relation to its proposed investment to acquire an 12.5% equity stake in Railsbank and secure an exclusive three-year period for Lionsgold to utilise Railsbank's banking and compliance platform for physical gold related products, such as the digital gold currency, Goldbloc.
"We look forward to updating shareholders in relation to Lionsgold's proposed investment in Railsbank once due diligence is complete."
Railsbank Announcement
A full copy of the Railsbank announcement can be found at: https://www.railsbank.com/single-post/2018/01/31/Cornercard-UK-joins-the-Railsbank-platform-to-issue-Mastercard-debit-cards
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
January 31, 2018 08:45 ET (13:45 GMT)
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