re: Ann: RAU enters into agreement to sell Am... RAU will receive approximately 8 million LionGold shares (S$9.045 million less S$1mill loan / S$1.0039 per LionGold share). So,we have to wait till LG shares are appreciated. The agreement values LG sp @ S$1.0039.
‘The total consideration will be US$7.0 million (or approximately S$9.045 million at an exchange rate of US$1.00 to S$1.2935) and it will be satisfied by the payment of US$750,000, which will be off-set against an amount equal to the Loan amount due from Republic Gold to LionGold under the Loan Agreement announced on 18th May 2012and the rest of US$6.25 million to be satisfied by the allotment and issue of LionGold shares at an
issue price of S$1.0039.’
http://liongoldcorp.listedcompany.com/newsroom/20120604_071841_A78_29041DEC5F685ED348257A12007F4AF7.1.pdf
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re: Ann: RAU enters into agreement to sell Am... RAU will...
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