Lingbao Gold Group Company Ltd. has announced that Simberi has been granted an extension of its mining lease until 2038. This extension fulfills one of the conditions precedent for the company’s proposed Subscription transaction. However, the completion of the Subscription remains subject to the fulfillment or waiver of other conditions under the Equity Placing Agreement, and there is no guarantee the transaction will proceed. The company advises shareholders and potential investors to exercise caution when dealing in its shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lingbao Gold Group Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260128-12003040), on January 28, 2026, and is solely responsible for the information contained therein.