Kolar shareholders approve name change to Lionsgold

India and Finland-focussed gold explorer and trading exchange provider Kolar Gold announced late on Thursday that at the extraordinary general meeting held during the afternoon, the resolutions proposed were duly passed.

The AIM-traded company confirmed they included a resolution to approve a change of the name of the firm to Lionsgold Limited.

“The change of name will take effect on receipt of the change of name certificate from the Guernsey Registry, which is expected to be received on 24 February,” the board confirmed in a statement.

Dealings under the new name and the new TIDM of ‘LION’ were expected to commence at 0800 GMT on 27 February.