LionGold Corp, through its wholly-owned subsidiary, Castlemaine Goldfields, as well as Yaoo Investments, have incorporated a joint venture company, Moliagul Mining, on September 24.

Moliagul Mining is incorporated for the purpose of investments, as well as activities relating to the exploration or mining of molybdenum within the land owned by LionGold Corp in Australia’s premier Victoria gold belt.

The JV company will have a registered share capital of A$10,000 ($9,730) comprising 10,000 shares.

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