LIONGOLD CORP. SOUTH AMERICAN TAKEOVERTORONTO - Minera IRL Ltd. (TSX:IRL) said Friday that it is in talks regarding a possible takeover of the company by LionGold Corp. The Toronto-listed mineral exploration company, which is focused on Latin America, said it was also discussing a possible US$10-million private investment by LionGold. IRL shares were up 12 per cent before trading was halted for about an hour on the Toronto Stock Exchange ahead of the announcement by the company. After trading resumed, the stock continued to soar, finishing up six cents, or 24.49 per cent, at 30.5 cents. Minera IRL is registered in Jersey, one of the Channel Islands, but is focused on Latin America, including the Ollachea gold project in southern Peru. LionGold is a Singapore-based company with concessions in Australia, Africa and the Americas. It also holds controlling interests in several gold exploration and mining companies. © Copyright 2013 https://www.timescolonist.com/business/minera-irl-confirms-talks-about-possible-takeover-investment-by-liongold-1.648994