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4 stories mentioning ASX:LSXUpdated 25d ago

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Asia

Lion Selection Group Boosts Stake in Sunshine to 10% in April Quarter, Shares Jump 4%

Lion Selection Group (ASX:LSX) said it now holds a 10.1% stake in Sunshine Metals (ASX:SHN) after investing AU$3 million in the quarter ended April 30 as part of a AU$22 million fundraising at A$0.027 per share, according to a Thursday Australian bourse filing.Lion now has a 41% interest in Plutonic, with AU$1.6 million committed as part of a AU$4 million entitlement issue at AU$0.12 per share. It also divested its stake in Great Boulder Resources (ASX:GBR) for AU$2.4 million in the period.It said its Australia-focused investments of AU$53.9 million have created a value of AU$104.1 million, including the value of portfolio holdings and realized gains, as of April 30, providing an investment return to-date of 93%. It added that its portfolio contains 11 Australian-focused opportunities.Its shares rose 4% in recent trading on Thursday.

ASX:GBRASX:LSXASX:SHN
Wire

Sunshine Metals Says Lion Selection Boosts Stake in Firm

Sunshine Metals (ASX:SHN) said Lion Selection Group (ASX:LSX) boosted its voting power in the company to 10.6% on May 8 from 9.2% previously, according to a Monday Australian bourse filing.Lion Selection now holds 341.1 million shares in Sunshine.Lion Selection Group's shares were up 1% in recent Monday trade.

ASX:LSXASX:SHN
Asia

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

(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.

ASX:LSX
Asia

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

Lion Selection Group (ASX:LSX) committed to invest a further AU$1.6 million Plutonic and it plans to take up its full share of a AU$4 million entitlement issue by Plutonic, priced at AU$0.12 per share, according to a Monday Australian bourse filing.Lion holds a 41% stake in Plutonic, a privately held copper and gold exploration company, the filing said. If Plutonic successfully 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.

ASX:LSX