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Lionsgold expects readmission to AIM in fourth quarter

Published: 05:14 21 Aug 2018 EDT

gold
Lionsgold’s shares have been suspended since May after taking over TRAC Technology

Lionsgold Ltd (LON:LION) said on Tuesday that it expects readmission to trade on London’s junior market AIM in the fourth quarter, instead of late in the third quarter.

The group said it is working with advisors on the process required to resume trading on AIM.

READLionsgold shares to be suspended under AIM rules following Goldbloc acquisition

Lionsgold’s shares have been suspended since May following the acquisition of TRAC Technology, which is now called Goldbloc Limited.

The share suspension was made under regulatory AIM rules because it is deemed the company "has undertaken a fundamental change of business".

“Further to the announcement of May 11, Lionsgold has been expanding its business proposition and key personnel, including targeting suitable additions to augment the Board in September/October,” Lionsgold said on Tuesday.

 

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