Ann: LionGold Investor Presentation , page-2

slide 18

The Signature Offer
• As part of our acquisitive growth strategy, LGC, made an
unconditional, all share, General Offer for Signature Metals
Limited (“SML”) on 19 Dec 2011, for a consideration of
c.S$70 million, (54% premium to its market capitalisation)
• SML is an ASX listed company primarily focused on gold
exploration and mining in Ghana, West Africa
• SML has Indicated & Inferred JORC Resources of
1.47 million ounces of gold
• LGC perceived SBL was undercapitalised, underperforming
and in some ways distressed – not able to achieve growth
expectations without further capital injection.