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LION SELECTION GROUP LIMITED. Capital/Financing Update 2016

Dec 18, 2016

Capital/Financing Update

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Lion Selection Group is pleased to advise it has made two new investments:

Increased Lion’s holding in Asian Lion from 63% to 90% by acquiring shares from other investors for $1m.
Lion has agreed to invest $850,000 in One Asia’s current equity raising priced at $0.18 per One Asia share. The principal use of funds is preparatory work for a separate listing of the Awak Mas project targeted for 2017.

Lion has also agreed to convert its existing debt ($941,730) owed by One Asia into equity at the same price as the equity raising.

Lion Selection Group Limited ABN 26 077 729 572 Level 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

Further enquiries: Craig Smyth E: [email protected]