LionGold - Issue of Convertible Bonds - Conversion

Attached part of the documents by company:

The Board of Directors (the ¡°Board¡±) of LionGold Corp Ltd (the ¡°Company¡±) refers to the announcements dated 28 March 2012, 24 April 2012, 11 May 2012, 25 May 2012, 8 June 2012, 30 July 2012 and 31 August 2012 (the ¡°Prior Announcements¡±) relating to the issue of up to US$30.0 million in principal amount of 9.0% convertible bonds (the ¡°Convertible Bonds¡±) due 2015.
All capitalised terms and expressions used in this announcement shall, unless otherwise defined herein, bear the same meanings as ascribed to them in the Prior Announcements.

The Board wishes to announce that a subscriber to the Convertible Bonds (the ¡°Subscriber¡±) has on 6 September 2012, in accordance with the Conditions, exercised its right to convert S$328,640.73 in value of the Convertible Bonds into 283,800 new shares of the Company (the ¡°New Shares¡±), at the conversion price of S$1.158 (the ¡°Conversion Price¡±) for each New Share.

The New Shares have been issued and allotted on 13 September 2012. The New Shares are expected to be listed and quoted on the Mainboard of the SGX-ST on 17 September 2012, and trading of the New Shares will commence with effect from 9.00 a.m. on the same date.

Following the allotment and issuance of the New Shares, the number of issued and paid-up ordinary shares of the Company will be increased to 862,491,180 ordinary shares. The New Shares represent approximately 0.03% of the Company¡¯s enlarged issued and paid-up share capital, and will rank pari passu in all respects with the existing shares of the Company in issue.

The in-principle approval granted by SGX for the listing and quotation of the Conversion Shares is not to be taken as an indication of the merits of the Convertible Bonds, the Conversion Shares, the Company and/or its subsidiaries.

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