Brief: Lion Selection Says Pani Interest Being Acquired By Pt Merdeka Copper Gold And Andalan International
31/01/2022 01:05
Jan 31 (Reuters) - Lion Selection Group LSX.AX :
* PANI INTEREST IS BEING ACQUIRED BY PT MERDEKA COPPER GOLD
TBK
AND ANDALAN INTERNATIONAL PTE LTD
* SALE OF PANI JV INTEREST FOR A$74M
* CONSIDERATION IN CASH (US$22M UPFRONT, US$10M DEFERRED)
AND
MERDEKA SHARES (US$20M UPFRONT WITH 12 MONTHS DOWNSIDE
PROTECTION)
Source text for Eikon: ID:nASX1DrS99
Further company coverage: LSX.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Lion Selection
See all newsBrief: Peregrine Gold Secures A$2.25 Million Via Placement At A$0.135 Per Share
Brief: Lion Selection Group Invests A$2.0M In Medallion Metals
Brief: Arika Resources Announces A$6.55M Capital Raising
Brief: Lion Selection Group To Invest A$2 Million In Arika Resources
Brief: Lion Selection Group Says Plutonic Completes Entitlement Offer Raising A$3.5M