Tuesday, August 21, 2012
LionGold: Signs Memo of Agreement with ASX-listed Gold Anomaly (GOA) that sees co investing A$8.5m into GOA to develop gold mining assets in Papua New Guinea. Co will invest into a convertible bond for A$2.0m at 20% premium to VWAP. The bond will have tenure of 2 yrs with coupon of 9% secured against assets of GOA. 2 Other convertible bonds will also be issued to LionGold of approx A$6.5m issued by GOA's subsidiary which is convertible for a total of 60% of the subsi's shares.