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LionOre to delist from ASX in June

CANADA-BASED nickel miner, LionOre Mining International Ltd, will delist from the Australian Stock Exchange in June this year, after a steady decrease in the number of LionOre shares on its Australian share register. The company said the small number of its shares traded on the ASX no longer justified the financial, administrative and compliance obligations and costs incurred through its listing. LionOre’s primary listing is on the Toronto Stock Exchange, though the company retains listings on stock exchanges in London and Botswana. LionOre’s ASX shareholders will be able to transfer their stock to the TSX, with the company paying all costs of the transfer. The company is currently in the process of conducting feasibility studies at its Honeymoon Well nickel deposit, and is proceeding with a $57 million expansion at the Black Swan nickel mine, operated by MPI Nickel, in which LionOre holds a controlling stake.

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