MORE FACTS NOS. COMING SOON!!!! LION ONE LOOKS “BEYOND THE BOX” THROUGH ACQUISITION
No one can accuse Walter Berukoff of having a myopic view of business opportunities. Granted, his priority and focus has been to slowly and methodically, through diamond drilling and bringing more expertise into the company, to elevate the excellent Tuvatu gold project in Fiji to production status.
Meanwhile, geopolitical events, including world financial uncertainty and change, have created opportunities for companies to enhance shareholder value through acquisitions. Consequently, Lion One Metals announced that it has signed a merger agreement with Avocet Resources LTD. based in Perth Australia . Lion’s vision has now expanded to include diversified mineral assets ranging from iron ore, uranium and gold & silver, located in Australia and South America.
The merger could bring more mining expertise to the Lion One management team. The highly experienced Stephen Mann comes to mind. For details, check out the 2012-12-21 news release.
Trading symbol : TSX: LIO; OTCQX: LOMLF; Frankfurt: LYI
Web Site: www.liononemetals.com