Tuesday, May 22, 2012

LionGold

LionGold: Profit warning, substantial loss before tax expected for Mar-end FY2012. In a separate announcement, co will lend $750k to ASX-listed Republic Gold at 8.5% per annum for potential sale of Republic's subsi Vista Gold. Vista Gold owns the Amayapampa Gold Project in Bolivia consisting of 38 overlapping concessions of 3.4k ha. The interest on the loan will accrue only if the share sale agreement of Vista Gold is not signed within 30 days. The agreement will allow co to acquire 100% of the Vista grp of companies and allow Republic to offset the loan with the consideration of the sale.

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