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.