PROFIT WARNING IN RELATION TO THE FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2013
The Board of Directors of LionGold Corp Ltd (the “Company”) wishes to announce that the Company and its subsidiaries (collectively, the “Group”) are expected to report a loss before tax for the Half Year ended 30 September 2013.
Based on a preliminary review of the Group’s performance, the loss is mainly attributable to:
1. care and maintenance costs from the Group’s gold mining operations in Bolivia and Ghana; and
2. substantial losses arising from the unrealised loss on financial assets at fair value through profit and loss.
The Group is in the process of finalising its Half Year Financial Results for FY2014, which will be released on or before 14 November 2013.
In the meantime, the Board of Directors wishes to advise shareholders and investors to exercise caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD Nicholas Ng Managing Director and Group Chief Executive Officer 8 November 2013
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