-- 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.