11th May 2018 10:24
LONDON (Alliance News) - Shares in Lionsgold Ltd have been temporarily suspended on Friday on the grounds that with the acquisition of TRAC Technology Ltd, the company has undertaken a "fundamental change of business".
In late April, Lionsgold issued 58.0 million shares to shareholders in TRAC, taking control of the 45% of the company it did not already own on top of the 55% first acquired in 2016 and built on in July 2017.
With the release of Lionsgold's digital gold currency Goldblack, and the development of its gold assets in India and other locations, Lionsgold will work on the process required for the readmission of its shares on AIM. The process is expected to take three to four months to complete.