FINWIRES · TerminalLIVE
FINWIRES

Correction: Lion Selection Group to Invest About AU$2 Million in Private Exploration Company

By

-- (Corrects missing preposition in the first paragraph, split the lead into two paragraphs)

Lion Selection Group (ASX:LSX) committed to invest a further AU$1.6 million in Plutonic, according to a Monday Australian bourse filing.

It plans to take up its full 41% entitlement in the AU$4 million entitlement issue by Plutonic, priced at AU$0.12 per share.

Lion holds a 41% stake in Plutonic, a privately held copper and gold exploration company, the filing said. If Plutonic completes its AU$4 million entitlement issue, and Lion follows its 41% holding, Lion's shareholding in Plutonic would then be valued at around AU$7.4 million.

Lion's shares fell nearly 2% in recent trading on Monday.

Related Articles

Australia

UBS Raises Steven Madden Price Target to $40 From $38, Maintains Neutral Rating

Steven Madden (SHOO) has an average rating of overweight and mean price target of $43.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $38.50, Change: $-0.07, Percent Change: -0.18%

$SHOO
Australia

Market Chatter: Citigroup Plans Senior Hires for Japan, China Investment Banking Teams

Citigroup (C) plans to strengthen its investment banking divisions in Japan and China by recruiting upper-level executives to capture additional buyout opportunities, Reuters reported Monday, citing the firm's regional division head, Kaustubh Kulkarni.Management intends to recruit experienced professionals in Japan to cover specific industries like technology and telecommunications to address increased corporate appetite for strategic restructuring, the report said.The company is simultaneously seeking personnel in China to focus on bringing in investment bankers who can cover "new-age" and "high-growth companies", Reuters quoted the executive as saying.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $127.88, Change: $-0.10, Percent Change: -0.08%

$C
Mining & Metals

Globex Mining Provides High-Grade Antimony Results from Bald Hill Property

Globex Mining Enterprises (GMX.TO) reported Monday high-grade antimony intersections provided by Antimony Resources (ATMY.CN) at the Bald Hill property in New Brunswick.Drill hole BH-25-34 returned antimony assays of 9.76% Antimony over 3.15 meters (m), which extends the Main Zone both to the north and to depth.A total of 12,500 m of drilling is expected to be completed by the end of April. A total of 25,000 m has been drilled on the Bald Hill Main Zone and a 11,000-m drill program is planned to commence in mid-May, Globex said.The Bald Hill property is under option from Globex.Price: $2.32, Change: $-0.02, Percent Change: -0.85%

$ATMY.CN$GMX.TO