LionGold restarted, but...
Minera IRL Update Regarding a Potential Transaction with LionGold LONDON, UNITED KINGDOM and TORONTO, ONTARIO and LIMA, PERU--(Marketwired - Oct. 8, 2013) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Minera IRL Limited ("Minera" or the "Company") (AIM:MIRL)(BVLAC:MIRL)(TSX:IRL), the Latin America gold mining company, announces that, further to the Company's press release of Friday, October 4, 2013, regarding a potential transaction with LionGold Corp Ltd. ("LGC"), the Company notes that on October 4, 2013, the Singapore Exchange ("SGX") temporarily suspended trading in the shares of LGC to "safeguard the interests of the market as there could be circumstances that would result in the market not being fully informed". On October 6, 2013, the SGX announced that it would lift the suspension of trading securities of LGC on October 7, 2013, and concurrently declared LGC "and its related securities as Designated Security with the following trading restrictions: (i) prohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold; and (ii) prohibited purchase of shares unless the buyer makes cash payment at the time of order execution." The Company is continuing to monitor the situation and engage in discussions with LGC to determine the impact of these developments. In accordance with Rule 30.4 of the Takeover Code, a copy of this announcement will be available on Minera's website at www.minera-irl.com by no later than 12 noon on October 9, 2013. Minera IRL Limited is the AIM traded, TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly operating in South America. The Group operates the Corihuarmi Gold Mine and the advanced gold projects Ollachea in Peru and Don Nicolas in Argentina. For more information, please visit www.minera-irl.com.