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03330 LINGBAO GOLD
RTNominal down3.210 -0.020 (-0.619%)
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12/11/2021 15:34

Lingbao Gold (03330) to issue shares for HK$271.8 million

[ET Net News Agency, 12 November 2021] Lingbao Gold Group Company Ltd. (03330) said the
company has conditionally agreed to issue and allot, and the subscriber has conditionally
agreed to subscribe for, 319,772,164 H shares, at the subscription price of HK$0.85 per H
share.
It is expected that the gross proceeds will be approximately HK$271.8 million and the
net proceeds will be not less than approximately HK$265.6 million. The company expects to
apply the net proceeds for (i) the financing of the deep exploration of Henan Lingjin No.
1 Mine; (ii) the financing of the construction and setting up of cyanide-containing sewage
desalination facilities; and (iii) general working capital of the group. (RC)

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