notice in the ann where they say the likely funding is coming from for this purchase from newcrest. bye bye AGM shares. cheers
Pre�]emptive Right and Timing Newcrest is conducting a sale process for its 70% holding of the Cracow Gold Mine in Queensland. Lion holds the other 30% and a pre�]emptive right which enables it to match any accepted offer made for Newcrest�fs Cracow interest. Lion is seeking to exercise its pre�]emptive right and anticipates the start of the pre�]emptive process will commence in March provided Newcrest receives an acceptable offer. Lion will then have sufficient time to exercise its pre�]emptive right. This considerable period is available to Lion and could be viewed as a valuable gold price option in the current volatile gold market. Cracow Financing Lion has several alternatives to financing a potential purchase of 70% of Cracow: I Existing cash (approximately $70M) Sale of Investments (e.g. Allegiance) Likely Debt Possible 3rd party finance Possible New Lion Equity NO
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
