Lionsgold (LON:LION)

Lionsgold (LON:LION)


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Lionsgold

A gold-focused company with exploration and production assets in India and Finland, and the retail application of gold through its financial technology division that provides online accounts for physical gold, The Real Asset Company, IndexGold, and the gold currency Goldbloc.

EPIC: LION
Market: AIM:LION
Sector: General Mining - Gold
Website: www.lionsgold.com
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Big Picture – A Deep Dive Examination of Lionsgold


Lionsgold Snapshot

Lionsgold Limited is a gold-focused company with exploration and development in assets in India and Finland complemented
by its technology division which house an established gold holding and trading platform (therealasset.co.uk indexgold.com) and is developing a gold currency platform (goldbloc.com), listed on the London Stock Exchange AIM Market (LON:LION)


Lionsgold has newly established a three-fold strategy:

Grow opportunities in India from its partnership with India’s leading gold exploration company, Geomysore;
Provide individuals with the utility of gold as any other mainstream currency and the security of direct ownership of physcical gold; and
Jurisdictional diversification through gold exploration and mine development in Finland.

Lionsgold's business model aims to see all three initiatives become revenue generative, whilst concurrently building capital growth through developing its underlying assets. Two of the three divisions target revenues to commence in 2018 with the third by the end of 2019.

Revenues are expected from the fintech division in Q2 2018 with the release of the Company’s gold currency connected to global banking.  The first of our targets within the Finland JV portfolio through an inaugural bulk sampling campaign in Spring 2018, and Geomysore’s most advanced gold project in India is expected to commence mining in Q4 2019.

Cameron John Parry
Chief Executive Officer


Cameron Parry, aged 42, is an experienced company developer and executive director of quoted public companies in both the mining and fintech sectors.

Cameron was the founder and inaugural CEO of AIM quoted Metal Tiger PLC (LSE: MTR) from 2014 to 2016, and as executive chairman and co-founder, completed in 2015 the world's first IPO of a blockchain fintech company, Coinsilium Group Limited (NEX: COIN).  Cameron was appointed to the board of Lionsgold (formerly called Kolar Gold Limited) as CEO in July 2016.

 

Michael Corcoran
Non-Executive Director & Interim Chairman


Michael Corcoran, aged 37, is an experienced corporate lawyer, focused on the London Stock Exchange AIM Market and Standard List, who has been lead adviser on over 20 Initial Public Offerings and Reverse Takeovers and advised on secondary fundraisings of more than £500m in aggregate.  His sectors of focus have been natural resources, life sciences and financial technology and he is experienced working in emerging markets.  He was formerly a partner at Kerman & Co LLP and is currently engaged as a Consultant at Hill Dickinson LLP.

 

Dr. M. Hanuma Prasad
Non-Executive Director


Hanuma Prasad, aged 51, holds a doctorate in geology and has over 22 years’ experience in geological survey and exploration within the mining industry. He worked with the Geological Survey of India for eight years in geological mapping and mineral exploration projects and has worked as a geologist across multiple territories around the world, including the Archaean greenstone belt in Eastern Finland near Lionsgold’s Finland Gold JV.

Hanuma is currently CEO of Australian Indian Resources Ltd (“AIR”), the multi-metals group that established Geomysore Services (India) Private Limited (“Geomysore”) – a leading India exploration company of which Lionsgold and AIR are significant shareholders. He has been working with Geomysore since 2001, as exploration manager for 13 years, and currently as technical and strategy advisor.  Hanuma joined the Lionsgold board in November 2016.

 

Michael Joseph
Non-Executive Director


Michael Joseph, aged 47, is a highly successful and esteemed entrepreneur with the proven knowledge and ability to rapidly grow a customer facing business in the financial services sector with a proprietary core technology.

He is the Founder and Managing Director of Right Choice Insurance Brokers Limited (“RCIB”) – a company that commenced trading in 2008 and now employs more than 300 people, with over 250,000 customers. Its success and value is underpinned by RCIB’s own purpose-built data technology and in June 2018, received £28m in private equity funds at a company valuation over £100m. RCIB is regulated by the Financial Conduct Authority (“FCA” reference number 475620) and Michael is an FCA approved person for relevant control functions (FCA reference number 01051).

 

Audit Committee:

The audit committee comprises Lionsgold’s Chairman and Lionsgold’s Chief Financial Officer. The audit committee is responsible for ensuring the appropriate financial reporting procedures are properly maintained and reported on, and for meeting with the Company’s auditors and reviewing their reports and accounts and the Company’s internal controls and risk management systems, whistle-blowing and employee fraud, internal and external audits.

Remuneration Committee:

The remuneration committee comprises any two directors independent to the remuneration in question. The remuneration committee is responsible for reviewing the performance of the executive directors, setting their remuneration levels, determining the design and setting the targets for any performance related pay schemes operated by the Company for the Directors and approving the total annual payments made under such schemes. It is also responsible for determining the policy for and scope of pension arrangements for each executive director and other senior executives and determining at what point the Company should adopt any form of share option plan, and considering the grant of options under any such plan and, in particular, the price per share and the application of the performance standards which may apply to any grant, ensuring in determining such remuneration packages and arrangements, due regard is given to any relevant legal requirements, the provisions and recommendations in the AIM Rules, the Corporate Governance Code and the QCA Guidelines.

Shares in Issue/ Share Information

Total Shares In Issue 564,641,114  
Significant Shareholders (above 3%) Number of Shares Name of Shareholder
5.21% 29,441,455 Ralph Hazell
4.95% 27,962,655 Cameron Parry
4.17% 23,525,000 Mike Joseph

Updated: 29 Oct 2018
Shares not in public hands 11.15%.
Significant shareholders holding 3% or more.

 

Tel: +44 (0) 208 065 0215
Email: [email protected]

LIONSGOLD Head office
Salisbury House, London Wall
London EC2M 5QQ

Registered Office of the Company

Lionsgold Limited
PO Box 182
Channel House
Forest Lane
St Peter Port
Guernsey
GY1 4HL

Company Secretary

Weighbridge Trust Limited
PO Box 182
Channel House
Forest Lane 
St Peter Port 
GY1 4HL

Nominated Adviser

WH Ireland 
24 Martin Lane 
London 
EC4R 0DR

Broker Smaller Company Capital Limited

4 Lombard Street
London
EC3V 9HD

Auditor PKF Littlejohn LLP 

1 Westferry Circus 
Canary Wharf 
London 
E14 4HD

Registrars 

Computershare Investor Services (Guernsey) Limited 
c/o Queensway House 
Hillgrove Street 
St. Helier 
Jersey 
JE1 1ES

Tel: +44 (0) 208 065 0215
Email: [email protected]

LIONSGOLD Head office
Salisbury House, London Wall
London EC2M 5QQ

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