More Lion backing for Allegiance

LION Selection is confident that Allegiance Mining has hit on a potential new nickel belt in the Avebury Zeehan region of Tasmania and has put its money where its mouth is, investing a further $1.5 million in the company and underwriting a $2.8 million rights issue.

More Lion backing for Allegiance More Lion backing for Allegiance More Lion backing for Allegiance More Lion backing for Allegiance More Lion backing for Allegiance

The listed investment vehicle took 13.6 million 11c shares earlier this month, and in December of last year took 22 million shares at 16.5c for $3.63 million.

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