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8 stories mentioning ASX:LSXUpdated 1d ago

Every FINWIRES story that references ASX:LSX, newest first.

Asia

Lion Selection Group to Invest AU$5 Million in Saturn Metals, Taking Stake to 10.5%; Saturn Shares Down 8%

Lion Selection Group (ASX:LSX) committed to invest AU$5 million in Saturn Metals' (ASX:STN) AU$105 million fundraising initiative, according to a Wednesday filing with the Australian bourse.Saturn represents the largest investment in Lion's portfolio, and the latest commitment will take Lion's overall investment in the company to AU$17 million, or a 10.5% stake, per the filing.Additionally, the new financing will see Saturn "funded well beyond completion" of a definitive feasibility study for its Apollo Hill gold project in Western Australia, Lion Selection Group said.Lion Selection shares were about 1% higher in recent Wednesday trade, while Saturn Metals fell 8%.

ASX:LSXASX:STN
Asia

Arika Resources to Raise AU$6.5 Million via Placement

Arika Resources (ASX:ARI) secured firm commitments to raise around AU$6.5 million, before costs, via a placement to new and existing sophisticated and sophisticated investors, according to a MondayAustralian bourse filing.Lion Selection Group (ASX:LSX) committed to invest AU$2 million in Arika Resources as part of the capital raise. It will hold around 6.7% of Arika's issued capital following completion of the placement.Arika will issue 344.7 million shares at AU$0.019 per share. The proceeds will be used to speed up an exploration and resource growth program across its Yundamindra and Kookynie gold projects in Western Australia.Arika's eligible directors plan to participate for around AU$700,000 through the issue of 36.8 million new shares at AU$0.019 per share, subject to and conditional upon shareholder approval.

ASX:ARIASX:LSX
Asia

Lion Selection Group Commits to Invest AU$600,000 in Koonenberry Gold

Lion Selection Group (ASX:LSX) committed to invest AU$600,000 in Koonenberry Gold (ASX:KNB) as part of a AU$4 million placement priced at AU$0.02 per share, according to a Tuesday filing with the Australian bourse.The company will hold roughly 10.1% of Koonenberry Gold on completion of the placement, the filing said.The funding enables Koonenberry Gold to undertake drilling on a portfolio of gold targets in New South Wales, per the filing.Koonenberry Gold shares fell 5% in midday trade Tuesday.

ASX:KNBASX:LSX
Asia

Lion Selection Group Takes Up Full Entitlement in Plutonic's AU$3.5 Million Entitlement Offer

Lion Selection Group (ASX:LSX) said Plutonic completed its entitlement offer, raising a total of AU$3.5 million from existing shareholders and new investors, in which Lion took up its full entitlement of AU$1.6 million, according to a Tuesday Australian bourse filing.Lion's stake in Plutonic is currently 42.2%.The offer was priced at AU$0.12 per share. The funds raised by Plutonic will be used for the maiden drilling of a copper-gold target in the Northern Territory.Plutonic was awarded a collaborative drilling grant as part of the Northern Territory government's Geophysics and Drilling Collaborations program, and it will receive up to AI$181,011 as co-funding for one of the planned deep diamond drill holes at the Ridonkulous prospect.Lion's shares fell 1% in recent trading on Tuesday.

ASX:LSX
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

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