LGC acquires over 97% of Castlemaine Goldfields
LionGold Corp will now start the compulsory acquisition of the remaining shares it does not hold.
LGC has acquired 97.69% of the issued and paid up capital of Castlemaine Goldfields Ltd. It is seeking to delist CGT from the Australian Stock Exchange upon acquisition of the remaining shares.
This follows the 16 April 2012 Takeover Bid for CGT shares at A$0.1842 per share, satisfied by the issue of two LionGold shares for every nine CGT shares.