TIDMLION

RNS Number : 0943V

Lionsgold Limited

19 July 2018

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(R), 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 GBP240,000. 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                         Tel: +44 (0)20 8065 0215 
 Cameron Parry (Chief Executive Officer) 
WH Ireland Limited (Nominated Adviser)    Tel: +44 (0)113 394 6600 
 Tim Feather/Chris Viggor 
Smaller Company Capital Limited (Broker)  Tel: +44 (0)20 3651 2911 
 Rupert Williams / Jeremy Woodgate 
 

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(R).

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(R) 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   Ordinary Shares of no par value 
       Identification code 
 
                                                                     GG00B3M9KL68 
     ------------------------------------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction                                     Share purchase 
     ------------------------------------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                      1.2p       5,000,000 
                                                                                ---------- 
     ------------------------------------------------------------  ---------------------------------------------- 
 d)    Aggregated information                                                   5,000,000 ordinary shares 
         *    Aggregated volume                                                  GBP60,000 
 
 
         *    Price 
     ------------------------------------------------------------  ---------------------------------------------- 
 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   Ordinary Shares of no par value 
       Identification code 
 
                                                                     GG00B3M9KL68 
     ------------------------------------------------------------  -------------------------------------- 
 b)   Nature of the transaction                                     Share purchase 
     ------------------------------------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                      1.2p       6,000,000 
                                                                                ---------- 
     ------------------------------------------------------------  -------------------------------------- 
 d)    Aggregated information                                                   6,000,000 ordinary shares 
         *    Aggregated volume                                                  GBP72,000 
 
 
         *    Price 
     ------------------------------------------------------------  -------------------------------------- 
 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   Ordinary Shares of no par value 
       Identification code 
 
                                                                     GG00B3M9KL68 
     ------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the transaction                                     Share purchase 
     ------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                      1.2p       500,000 
                                                                                ---------- 
     ------------------------------------------------------------  ------------------------------------ 
 d)    Aggregated information                                                   500,000 ordinary shares 
         *    Aggregated volume                                                  GBP6,000 
 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------ 
 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             Ordinary Shares of no par value 
      instrument 
      Identification code 
                                                                    GG00B3M9KL68 
     -----------------------------------------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction                                    Share purchase 
     -----------------------------------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                                        Price(s)   Volume(s) 
                                                                     1.2p       500,000 
                                                                               ---------- 
     -----------------------------------------------------------  ---------------------------------------------------- 
 d)    Aggregated information                                                  500,000 ordinary shares 
         *    Aggregated volume                                                 GBP6,000 
 
 
         *    Price 
     -----------------------------------------------------------  ---------------------------------------------------- 
 e)   Date of the transaction                                      18 July 2018 
     -----------------------------------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction                                     Off market 
     -----------------------------------------------------------  ---------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 19, 2018 02:00 ET (06:00 GMT)

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