Ann: RAU enters into agreement to sell Amayapampa, page-10

re: Ann: RAU enters into agreement to sell Am... It looks like the Liongold will issue it’s shares to RAU for a total amount of US$6.25 million.
If they were successful, we would benefit from the rising LG share price.

Here is the article: ,

Republic Gold to sell Bolivian gold project for US$7m to Singapore’s LionGold Corporation

……..The consideration is to be satisfied by the payment of US$750,000, which will be set-off against an amount equal to the loan amount due from Republic Gold to the company under a loan agreement.

In addition, LionGold will allot and issue such number of new shares credited as fully paid in the issued and paid-up capital of the Company that is equal in value to the amount of US$6.25 million.

Republic is set to strengthen its position by $US7 million (A$7.2 million) with the sale after conditions are met.

LionGold Corp is an SGX-listed investment holding company focusing on gold mining, mine development and exploration.

LionGold’s aim now is to become a global, mid-tier gold producer by 2014, targeting minimum Resources of 10 million ounces, Reserves of 3 million ounces and annual production of 120,000 ounces.

Republic has agreed to sell Vista Gold Antigua Corporation and all of its wholly owned subsidiaries, which own the Amayapampa Gold Project, to LionGold……….
The sale presents an opportunity for Republic to immediately monetise a high risk asset and further strengthen its balance sheet.

http://www.proactiveinvestors.com.au/companies/news/29680/republic-gold-to-sell-bolivian-gold-project-for-us7m-to-singapores-liongold-corporation--29680.html