19 Jul 2018 07:00
Lionsgold Limited
("Lionsgold", "LION" or the "Company")
Exercise of Warrants and Director/PDMR Shareholdings
Lionsgold (LSE: LION), the gold company focused on the exploration, production and retail application of physical gold, including the development of the gold currency Goldbloc®, 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 "New Ordinary Shares").
Number of Warrants | Exercise Price |
20,000,000 | 1.2p |
The Company has therefore issued and allotted 20,000,000 New Ordinary Shares for the receipt of £240,000. The New Ordinary Shares rank pari-passu with existing Ordinary Shares and will be admitted to trading on AIM when the current suspension is lifted.
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 New Ordinary Shares is 532,459,296 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury, therefore this 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.
Director/PDMR Shareholdings
Included in the New Ordinary Shares figures set out above, Yarramen Corp Limited, which is owned by a family trust of Lionsgold's CEO Cameron Parry, exercised warrants to subscribe for 5,000,000 New Ordinary Shares. Also included in the above table, 6,000,000 warrants were exercised by Lionsgold's Global Strategy Consultant, Mr Alan Davies, 500,000 warrants were exercised by Lionsgold's CFO, Mr Adam Ronaldson, and 500,000 warrants were exercised by Goldbloc Limited's CEO, Mr Ralph Hazell.
Enquiries:
Lionsgold Limited Cameron Parry (Chief Executive Officer)
| Tel: +44 (0)20 8065 0215
|
WH Ireland Limited (Nominated Adviser) Tim Feather/Chris Viggor
| Tel: +44 (0)113 394 6600
|
Smaller Company Capital Limited (Broker) Rupert Williams / Jeremy Woodgate | Tel: +44 (0)20 3651 2911
|
About LIONSGOLD Limited (LSE: 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 wholly 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 21.65%;
· Developing the digital gold currency Goldbloc® under its wholly owned financial technology division and 12.5% holding in Railsbank Technology Ltd, to enable customers to utilise direct ownership of physical gold via the global banking system (www.goldbloc.com); and
· Gold exploration and production in Finland via 30% ownership of Finnish joint venture.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Cameron Parry (through Yarramen Corp Limited) | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer/Director | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lionsgold Limited | ||||
b) | LEI | 213800DQKMRKN2KHJ456 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of no par value
GG00B3M9KL68 | ||||
b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
5,000,000 ordinary shares £60,000
| ||||
e) | Date of the transaction | 18 July 2018 | ||||
f) | Place of the transaction | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Alan Davies | ||||
2 | Reason for the notification | |||||
a) | Position/status | Global Strategy Consultant | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lionsgold Limited | ||||
b) | LEI | 213800DQKMRKN2KHJ456 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of no par value
GG00B3M9KL68 | ||||
b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
6,000,000 ordinary shares £72,000
| ||||
e) | Date of the transaction | 18 July 2018 | ||||
f) | Place of the transaction | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Adam Ronaldson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lionsgold Limited | ||||
b) | LEI | 213800DQKMRKN2KHJ456 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of no par value
GG00B3M9KL68 | ||||
b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
500,000 ordinary shares £6,000
| ||||
e) | Date of the transaction | 18 July 2018 | ||||
f) | Place of the transaction | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ralph Hazell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer of wholly owned subsidiary, Goldbloc Ltd | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Lionsgold Limited | ||||
b) | LEI | 213800DQKMRKN2KHJ456 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of no par value
GG00B3M9KL68 | ||||
b) | Nature of the transaction | Share purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
500,000 ordinary shares £6,000
| ||||
e) | Date of the transaction | 18 July 2018 | ||||
f) | Place of the transaction | Off market | ||||
Lionsgold (LION)