Lion Selection to return cash to shareholders

FOLLOWING the US$52 million sale of its stake in the Pani gold project in Indonesia earlier this year, Lion Selection Group has announced its plans to invest the proceeds and return cash to shareholders.

Lion Selection to return cash to shareholders Lion Selection to return cash to shareholders Lion Selection to return cash to shareholders Lion Selection to return cash to shareholders Lion Selection to return cash to shareholders

Consideration for the 33% in Pani comprised $22 million cash up-front and $20 million worth of shares in Merdeka Copper Gold, as well a further $10 million cash is in January 2023.

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