Lionsgold Limited - Additional Financing and Statement re. Share Price

01 December 2017

Lionsgold Limited

("Lionsgold", "LION" or the "Company")

Additional Financing and Statement re. Share Price Movement

Lionsgold (LON: LION), the AIM quoted company focused on the exploration, production and retail application of physical gold, including the development of the Goldbloc digital currency, is pleased to announce that it has raised an additional £200,000 in gross proceeds on the same terms as the placing announced on 30 November 2017 (the "Additional Placing").

The Additional Placing comprises the issue of 25,000,000 new ordinary shares of no par value (the "Placing Shares") at 0.8p per share with a 1 for 1 attaching warrant exercisable up to and including 31 December 2018 at 1.2p ("Placing Warrants").


Separately, the Directors have noted today"s increase in the share price and confirm that , save as previously disclosed, they know of no reason for the increase.


Cameron Parry, Chief Executive Officer of Lionsgold, commented: "Following the announcement of the placing yesterday, the Company was approached earlier today by a group of high net worth individuals new to the shareholder base on the proviso the funds are applied to our gold currency Goldbloc and the operations in that part of Lionsgold"s business.

"The board believes these extra funds, applied with that focus, can benefit the rollout of Goldbloc in coming months and we look forward to releasing further news on all three business divisions in due course."



The Company is raising gross proceeds of £200,000 through the placing of 25,000,000 Placing Shares at a price of 0.8 pence per share (the "Placing Price") raising gross proceeds of £200,000 from a group of high net worth investors new to the Company.

The Additional Placing incorporates the issue of warrants to subscribe for 25,000,000 new Ordinary Shares at an exercise price of 1.2 pence per warrant on the basis of 1 Placing Warrant per 1 Placing Share, with an exercise period of up to 31 December 2018.  If the Lionsgold share price exceeds a 5 day volume weighted average price exceeding 3.6p during the warrant term, the Company has the right to serve notice on warrant holders to exercise warrants.  Should the Company serve notice, any Placing Warrants unexercised within the 7 day time period allowed would be cancelled.

The issue of the 25,000,000 Placing Shares and 25,000,000 Placing Warrants is conditional upon shareholder approval at the Company"s AGM to be held on or around 28 December 2017, and subject to approval being granted, the Placing Shares shall be admitted to trading on AIM on or around 29 December 2017.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company"s obligations under Article 17 of those Regulations.





Lionsgold Limited

Cameron Parry (Chief Executive Officer)


Tel: +44 (0)203778 0578


WH Ireland Limited (Nominated Adviser)

Tim Feather/Ed Allsopp


Tel: +44 (0)113 394 6600


Smaller Company Capital Limited (Joint Broker)

Rupert Williams / Jeremy Woodgate


Tel: +44 (0)20 3651 2911


Beaufort Securities Limited (Joint Broker)

Tel: +44 (0)20 7382 8300

Elliot Hance



Tavistock (Financial PR)

Edward Lee


Tel: +44 (0) 20 7920 3150




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 majority 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 21.15%;

·     Majority ownership of a financial technology platform providing online accounts for people to hold and utilise physical gold ( / /; and

·     Gold exploration and production in Central Eastern Finland.