https://www.miningweekly.com

Lionsgold raises £550 000

30th November 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-quoted Lionsgold has raised £550 000 through the placing of shares, the company announced on Thursday, as CEO Cameron Parry said the firm was preparing for “key moments” over the coming weeks and months.

"We have a highly talented team of natural resource industry skilled professionals who have the practical experience to drive our mining related interests forward and I look forward to announcing news of progress achieved across our natural resource assets.

“In addition, within our fintech division, the development of Goldbloc will see the company with a digital gold currency that has the potential for global application. With this fundraising we can seek to complete the full commercialisation of Goldbloc in the coming months,” Parry said in a statement.

Lionsgold is raising the cash through the placing of 68.75-million shares at 0.8p a share. The placing incorporates the issue of warrants to subscribe for 68.75-million new ordinary shares at an exercise price of 1.2p a warrant on the basis of one placing warrant for one placing share.

Recently appointed global strategy consultant Alan Davies has six-million placing shares and six-million placing warrants for a total of £48 000.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.15s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: