Australia's Lion Selection Group falls on legal claim

Lion Selection

13/12/2024 04:32

** Lion Selection Group  LSX.AX  down 1.7% at A$0.565, set
for its worst session since Nov. 26, if current trends hold
    ** The mining investment co says it was served a writ filed
in the Supreme Court of Victoria by Indonesian firm PT Prima
Mineralindo Nusantara
    ** Writ issued against One Asia Resources and co seeking
unspecified amount of damages 
    ** Legal claim says LSX "induced" One Asia Resources to
breach agreements with PT Prima in Dec. 2017, relating to the
Pani Gold Project; co denies allegations 
    ** About 196,800 shares traded by 0417 GMT, 2.8x the 30-day
avg volume of shares
    ** Stock has risen 29.2% this year, as of last close
    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))