LionOre Mining International Ltd.
TSX : LIM
ASX : LIM
LSE : LOR
BOTSWANA : LIONORE

LionOre Mining International Ltd.

April 03, 2007 16:25 ET

Delisting of LionOre From Australian Stock Exchange

TORONTO, ONTARIO and PERTH, WESTERN AUSTRALIA--(CCNMatthews - April 3, 2007) - LionOre Mining International Ltd (TSX:LIM)(ASX:LIM)(LSE:LOR)(BSE:LIONORE) ("LionOre") announced on February 21, 2007 its intention to delist from the Australian Stock Exchange ("ASX") with effect from June 5, 2007. In connection with its proposed delisting from the ASX, LionOre is proposing to establish for its Australian Shareholders a share sale facility ("Share Sale Facility").

In light of the announcement of Xstrata's proposed takeover offer for LionOre announced on March 26, 2007 ("Offer"), LionOre will delay providing its Australian Shareholders with details of the Share Sale Facility until after the Offer documents have been received from Xstrata. This will allow LionOre to fully consider the impact, if any, of the Offer on LionOre's proposed delisting from the ASX and the Share Sale Facility.

LionOre has established a special shareholder information line to assist any Australian Shareholders who have queries regarding LionOre's delisting from the ASX. Shareholders can contact the Australian Shareholder Information Line on 1300 786 284 (within Australia) or +61 3 9415 4644 (outside Australia) for further details.

Contact Information

  • LionOre Mining
    Ted Mayers
    Chief Financial Officer
    (416) 777-1670
    or
    LionOre Australia
    Brian Hill
    Managing Director
    +61 (0)8 9426 0100
    Website: www.lionore.com
    or
    BuckBias
    Alex Buck
    +44 (0) 7932 740 452
    Email: alex@buckbias.com