LionGold extends proposed acquisition's "Drop Dead Date"

LionGold requires additional time to complete its due diligence investigations.

In relation to the Loan Agreement with Republic Gold Limited and the Share Sale Agreement relating to the proposed acquisition of the Amayapampa Gold Project, LionGold Corp Ltd announced that the “Drop Dead Date”, which is the date by which the conditions precedent need to be satisfied or waived, has been extended from 17 September 2012 to 31 October 2012.

The announcement added that notwithstanding the extension, the proposed acquisition is still subject to satisfactory due diligence, and there is no assurance that the proposed acquisition will be completed.

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