ROULSTON COVERAGE !!!!!!
Lion One Metals Ltd
Symbol C : LIO
Shares Issued 48,868,827
Close 2013-01-22 C$ 0.82
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Roulston refreshes Lion One Metals buy
2013-01-23 13:28 ET - In the News
Lawrence Roulston, in the Jan. 16, 2013, edition of Resource Opportunities, refreshes his buy of Wally Berukoff's Lion One Metals Ltd., recently 79 cents. Mr. Roulston said buy three times between July 27, 2011, and Sept. 26, 2012, at prices ranging from 63 cents to $1.23. A $1,000 investment for each of the three buys is now worth $2,686. Lion One hopes to buy Avocet Resources Ltd., an Australian exploration company, and is offering one Lion One share for every 9.5 Avocet shares. Avocet holds gold, iron, uranium and other projects in Australia and Argentina. Mr. Roulston is particularly excited about the 25-per-cent-held Olary iron project, which "appears to be big" and is being financed by a Chinese steel company. However, he says the most important part of the proposed merger is that Stephen Mann, a director of Lion One and the managing director of Avocet, will turn his full attention to Lion One's 650,000-ounce Tuvatu gold deposit in Fiji. Lion One plans to file an environmental impact report for Tuvatu next month, and expects approvals later this year. Mr. Roulston concludes the combined company will be "in a strong position to build that mine and then continue to build a multimine gold producer."
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