Lion Gold and Penny’s Find : Back in June 2012 Lion Gold...

Lion Gold and Penny’s Find :
Back in June 2012 Lion Gold (perhaps naively?) bought Penny’s Find for $3.77 million..well it bought Brimstone which was going to buy PF
For the next three years as JV partner to Empire nothing happens
June 2015 Lion Gold sells Brimstone to Barola (ie Empire and Mandara) for AUS $450,000
“The Board of Directors (the “Board”) of LionGold Corp Ltd (the “Company”) wishes to announce that the Company has disposed its 100% owned subsidiary, Brimstone Resources Ltd (“Brimstone”) to Barola Resources Ltd (the “Purchaser”), for a cash consideration (the “Consideration”) of AUD 450,000 (equivalent to approximately SGD 463,500 based on an exchange rate of AUD 1: SGD 1.03) (the “Disposal”).
http://liongoldcorp.listedcompany.com/newsroom/20150603_173826_A78_AFYD9MB26KE215OQ.1.pdf

Perhaps the purchase and substantial resulting loss is not naive after all being as Lion Gold is incorporated in Bermuda https://www.gov.bm/department/office-national-anti-money-laundering-committee