Luiri Gold Limited
TSX VENTURE : LGL

Luiri Gold Limited

November 17, 2009 18:27 ET

Luiri Gold Closes C$7.69 Million Financing and Receives Approval to Trade on the ASX

TORONTO, CANADA--(Marketwire - Nov. 17, 2009) - Luiri Gold Limited (TSX VENTURE:LGL) ("Luiri Gold") is pleased to announce that it has successfully closed the fund raising of A$8 million (approximately C$7.69 million) and has received the necessary approval to list on the Australian Securities Exchange Limited ("ASX"). 

A total of 40 million CHESS Depositary Interests (CDI's) have been issued at A$0.20 per common CDI (approximately C$0.192). Each CDI ranks equally with each Luiri Gold ordinary share listed on the TSX.V. It is anticipated that the CDI's will start trading on the ASX on Thursday, November 19, and will trade under the symbol LGM.

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President and CEO

This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

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