Luiri Gold Completes Private Placement
(firmenpresse) - PERTH, AUSTRALIA -- (Marketwire) -- 10/24/11 -- Emerging African gold developer Luiri Gold Limited (ASX: LGM)(TSX VENTURE: LGL) ("Luiri" or the "Company") is pleased to announce the following:
Private Placement
The common shares issued under the Private Placement will be traded in the form of CHESS Depositary Interests ("CDIs") upon the Australian Stock Exchange ("ASX"). The common shares issued under the Private Placement are subject to a statutory hold period under applicable Canadian securities laws of four months and a day from the date of closing. An ASX Appendix 3B in relation to this issue was lodged with ASX on 29 August 2011 and is available on the Company's website.
The Company intends to use the proceeds raised from the Private Placement for general working capital and to fund the Company's activities in Zambia, including its recently reinstated Large Scale Mining License LML 48, which contains the Matala and Dunrobin gold deposits in the Company's Luiri Hill Gold Project.
Service Agreement
During the two year term of the Services Agreement, the Consultant will provide a range of services to the Company in Zambia, including government relations and lobbying efforts; provision of general corporate and strategic advice; public relations services; advice with regard to acquisition and maintenance of mineral licenses and other mineral interests; and general business development services.
ABOUT LUIRI GOLD
Gold Exploration and Development
Luiri Gold Limited is a developing, gold resource company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Africa. Luiri Gold's wholly-owned Zambian subsidiary, Luiri Gold Mines Ltd., holds the rights to the Luiri Hill Gold Project in southern-central Zambia.
Known Gold Mineralisation
The Luiri Hill Gold Project area has shown significant gold potential both of the structurally controlled mineralization (Matala style) within the basement rocks of the Matala Dome and a combination of structural and chemically controlled mineralization (Dunrobin style) adjacent to the Matala Dome within the surrounding carbonates of the surrounding Katangan rocks.
Proven Management
The Company has assembled an experienced Board of Directors and technical team to drive the exploration and development process under the leadership of Chairman, Melissa Sturgess, who has extensive experience in Africa.
On behalf of the Board of Directors of the Company,
Mike Langoulant, Director and Corporate Secretary
ARBN 139 588 926
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Luiri Gold
+61 8 6313 5155
+61 8 9324 2977 (FAX)
Media and Investor Inquiries:
Purple Communications
Karen Oswald / Greg Galton
+61 8 6314 6300
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2011 - 07:56 Uhr
Sprache: Deutsch
News-ID 79096
Anzahl Zeichen: 0
contact information:
Town:
PERTH, AUSTRALIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 965 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Luiri Gold Completes Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von
Luiri Gold Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
