LCL Dismisses Recent Unsolicited Bid From Undisclosed Buyer

MT Newswires Live

May 15, 2025

LCL Resources (ASX:LCL) has dismissed recent unsolicited approaches for its Colombian gold assets from an undisclosed party as misleading, while reaffirming its binding and exclusive agreement with Tiger Gold, according to a Thursday filing with the Australian bourse.

The company said the unsolicited offer was not in a form capable of acceptance and came from a party that had failed to complete a deal during an earlier sales process in 2024.

LCL reiterated its support for the planned sale of its Andes and Quinchia Gold Projects to Tiger Gold and said it had secured shareholder commitments representing about 26% of its capital to vote in favor at a June 9 meeting.

The board continues to recommend the Tiger Gold transaction and urges shareholders to disregard misleading media reports.

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