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BRIEF-Liongold Corp Intends To Focus On Gold Mining Operations Carried On By Its Unit

Published 23/01/2018, 08:51 pm
© Reuters. BRIEF-Liongold Corp Intends To Focus On Gold Mining Operations Carried On By Its Unit

Jan 23 (Reuters) - Liongold Corp Ltd LION.SI :

* INTENDS TO FOCUS ON GOLD MINING OPERATIONS CARRIED ON BY ITS WHOLLY-OWNED SUBSIDIARY, CASTLEMAINE GOLDFIELDS PTY LTD.

* NOTES INCREASING POSITIVE SENTIMENT FOR GOLD PRODUCERS IN AUSTRALIA, WHICH MIGHT OPEN UP OPPORTUNITIES FOR CO TO ENTER JVS

* FACTORS INDICATE EXISTENCE OF MATERIAL UNCERTAINTIES WHICH MAY CAST SIGNIFICANT DOUBT ABOUT ABILITY OF GROUP TO CONTINUE AS GOING CONCERNS.

* DIRECTORS OF COMPANY HOWEVER BELIEVE THAT GROUP AND COMPANY WILL BE ABLE TO RAISE NECESSARY FUNDS FROM MINING OPERATIONS

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