Finally18 Apr 2019 19:19
As announced in the Company's operational update on 19 February 2019, the Board believes that, subject to shareholder approval, the Company's name should be changed from "Lionsgold Limited" to "Tally Ltd" (the "Name Change") to reflect the core business focus being the Company's self-contained monetary system, neo bank offering and mainstream challenger currency, Tally®.
The Lionsgold brand was created following appointment of new executive management in the second half of 2016, to reflect the new strategy introduced of a gold-focused vertically integrated business involved in the exploration, production and retail application of physical gold, through legacy gold mining assets in India, additional gold exploration assets acquired in Finland and the development of a financial technology (fintech) division. Over the course of 2017 and 2018 Tally® was designed and developed and has now become the core business focus. As such it is timely to update the Company name accordingly.
The Board is also pleased to provide the following update in relation to the Company's product rollout and the planned listing in London that is to follow.