take over

RECOMMENDED TAKEOVER OFFER BY
LIONGOLD FOR SIGNATURE METALS
LionGold Corp Ltd (“LionGold” or “the Group”) (SGX:LIGO) (“LionGold”) and Signature
Metals Limited (ASX:SBL) (“Signature”) are pleased to announce that they have signed a
Bid Implementation Agreement (“BIA”) for an off-market takeover bid by LionGold for all
the issued and outstanding shares in Signature (“Bid”).
The transaction is value enhancing for both LionGold and Signature shareholders. As a
shareholder in LionGold following successful Bid completion, Signature shareholders will
become shareholders in an emerging gold producer with a proven and experienced board and
management team and access to a geographically diversified and growing asset base.
Consideration for the transaction will be in LionGold shares, with Signature shareholders
offered one (1) LionGold share for every [34] Signature shares (“Offer”). The transaction
values Signature at A$0.02 per share, or approximately A$54.091 million.
The Offer is unanimously recommended by the Signature board in the absence of a superior
proposal. The Signature directors intend to accept the Offer for their shares in the absence of
a superior proposal.
Transaction Details
The exchange ratio of one (1) LionGold share for every [34] Signature shares represents an
attractive premium for Signature shareholders. The implied offer price of $0.02 per share
(based on a LionGold share price of [SGD$0.8657 and foreign exchange rate of
$SGD1.2869: $AUD1.00]) represents:
? A 54% premium to the closing price of 1.3c per Signature Share on ASX on the
last trading day (13 October 2011) before the Announcement Date.
? A 46% premium to the one month volume weighted average price of 1.37c per
Signature Share on ASX on the last trading day (13 October 2011) before the
Announcement Date