LionGold whiplashed by Australian units' suspension

Anita Gabriel
Published Wed, Jul 2, 2014 · 10:00 PM
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AS junior gold miner LionGold Corp continues to struggle to get its financial house sorted out in painstaking baby steps, the pressure is spilling over to some of its key assets abroad.

Less than two weeks after the firm - one of three still reeling from the whiplash since last October's penny stock crash - said that it was having a headache furnishing information to the auditors of its Bolivian mining subsidiary, it is now facing a similar issue with an Australian miner.

LionGold, whose stocks, along with Asiasons Capital and Blumont Group's, are the subject of a probe by the Commercial Affairs Department into possible breaches of securities laws, yesterday announced that shares of its 77 per cent-owned Australian-listed gold miner Signature Metals have been suspended from trading since Monday.

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