LionGold: To place 12.0m shares to 2 individuals at $1.035. The subscription price is a disc of approx 2.1% of VWAP on 20 Mar of $1.057. The shares are approx 1.61% of enlarged share capital. Net proceeds of $12.4m will be used for working capital.
SIAS resumed coverage with an Invest call yday with TP$1.18 taking into account co’s acquisition of Signature Metals and its Kashmir and Akropong project. Updated valuation does not take into account any contributions from Mali, Philippines or Mongolia.
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