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Lionsbridge

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uuid0027xq1

Namestring
Lionsbridge
Legal namestring
Lionsbridge
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Lionsbridge is a privately held Australian corporate management, finance, and consultancy firm headquartered at Level 36, Governor Phillip Tower, 1 Farrer Place, Sydney. Founded around 2007 and operating as a subsidiary of the diversified Wesson Group conglomerate, the firm delivers vertically integrated solutions to listed and unlisted natural resource companies, with a particular focus on enterprises in financial distress, near-receivership, or requiring recapitalization. Its core offering is structured around three pillars: (1) Management Services, in which Lionsbridge personnel are seconded into client management structures as Managing Director, CEO, or Non-Executive Director over typical 2-3 year horizons; (2) Consultancy Services spanning financial management (CFO-level), market relations, documentation, professional services coordination, government/land owner/environmental management, and administration; and (3) Corporate Finance, executed via a Success Fee model (once-off capital injection) or an Introduction Model (long-term funding solution with road shows and global investor introductions). Pricing is bespoke and quote-based, with revenue derived from a mix of recurring management fees and transaction-based success/introductory fees.

The firm's operations span North America, Europe, Australia, and Asia, supported by a claimed global network of financiers, market makers, and market relations experts. Documented client engagements include Black Dragon Gold Corp. (TSX-V:BDG), KBL Mining Ltd (ASX:KBL), Woulfe Mining (TSX-V:WOF), and Vatukoula Gold Mine (AIM:VGM) — all gold-focused. Notable outcomes include Woulfe Mining's transformation from a CAD 4 million near-bankruptcy valuation to approximately USD 110 million, and the Vatukoula Gold Mine acquisition for USD 30 million in debts, subsequently listed on AIM at a GBP 80 million valuation. Capital raise execution across these projects totals tens of millions of USD, with Lionsbridge also deploying principal capital via its wholly owned subsidiary Westech Gold. The firm has no disclosed external funding, no public revenue, and no listed competitors; its competitive positioning is built on the personal track record of senior personnel (notably Brian Wesson, Executive Chairman) and the depth of its institutional investor network.

Short descriptiontext

Lionsbridge is a Sydney-based private corporate management, finance, and consultancy firm that provides vertically integrated solutions — including C-suite secondment, financial management, market relations, and capital raising — to listed and unlisted natural resource companies, particularly distressed enterprises requiring recapitalization.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersSydney, Australia
HQ citystring
Sydney
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
corporate management services, mining consultancy services, corporate finance advisory, natural resource management, investor relations services
Industry3 codes
1Timberland & Forestry Properties Brokerage
CodeBPAJADACPrimaryYes
2Timberland Operations Planning & Contractor Management
CodeAFAMAKAEPrimaryNo
3Timberland Brokerage & Acquisition/Disposition Advisory
CodeAFAMAKABPrimaryNo
NAICS code4 codes
  • Management Consulting Services54161
  • Administrative Management and General Management Consulting Services541611
  • Support Activities for Metal Mining213114
  • Other Management Consulting Services541618
SIC code3 codes
  • Services-Management Consulting Services8742
  • Services-Management Services8741
  • Services-Engineering, Accounting, Research, Management8700
Product category
Mining Sector Corporate Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Corporate Management Services
TypeProfessional Services
Description

Integration of Lionsbridge personnel into client management structures, providing C-suite management, board supervision, administration, investor relations and professional services. Revenue generated through management fees for ongoing service delivery.

lionsbridge.com.au
2Corporate Finance - Success Fee Model
TypeTransaction Fee
Description

One-time injection of capital where Lionsbridge manages all aspects of the transaction. Clients receive a holistic solution to a once-off funding requirement.

lionsbridge.com.au
3Corporate Finance - Introduction Model
TypeTransaction Fee
Description

Long-term funding solution involving identification of potential markets, road shows, and introductions to investors in North America, Europe, Australia and Asia. Revenue generated through successful capital raising for clients.

lionsbridge.com.au
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components3 values
Personnel, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Lionsbridge is a corporate management, finance, and consultancy firm that provides vertically integrated solutions to natural resource companies, primarily in the mining sector. The firm embeds its own personnel directly into client management structures to deliver tailored corporate, financial, and administrative support, with particular expertise in taking on distressed or underperforming operations. Service engagements typically span 2-3 year horizons and are delivered through a combination of management services, consultancy, and corporate finance capabilities.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Companies transformed from near-bankruptcy to successful operations with significant value creation (e.g., Woulfe Mining: CAD 4M to USD 110M; Vatukoula: USD 30M debts to GBP 80M valuation)
+3 more records
Product overview1 text field

Lionsbridge offers a holistic suite of corporate management, consultancy, and financial solutions as a vertically integrated service offering. The core service portfolio comprises three main pillars: (1) Management Services, which integrates Lionsbridge personnel into client companies' management structures; (2) Consultancy Services, encompassing Financial Management, Market Relations, Documentation, Professional Services and Management, Government/Land Owner/Environmental Management, and Administration; and (3) Corporate Finance, providing transaction arrangement through Success Fee and Introduction Models. These services are delivered as bespoke solutions tailored to natural resource companies, particularly those in distress or undergoing restructuring.

Product and service9 records
1Management Services
CategoryCorporate Management
Description

Vertically integrated management services for natural resource and mining companies. Lionsbridge embeds its own personnel directly into client management structures to run operations, with particular emphasis on supporting distressed or underperforming businesses.

2Consultancy
CategoryConsulting Services
Description

Multi-disciplinary consultancy for natural resource companies covering financial management, market relations, documentation, professional services and management, government/land owner/environmental management, and administration.

3Corporate Finance
CategoryFinancial Advisory
Description

Corporate finance advisory and capital raising services for natural resource companies, leveraging a global network of financiers, brokers, and investment funds across North America, Europe, Australia, and Asia.

4Financial Management
CategoryFinancial Advisory
Description

Financial management sub-service within the consultancy practice, supporting natural resource clients with internal controls, budgeting, financial reporting, and financial modelling.

5Market Relations
CategoryInvestor Relations
Description

Investor and market relations sub-service within the consultancy practice, supporting listed and unlisted natural resource companies with investor communications and market engagement.

6Documentation
CategoryConsulting Services
Description

Corporate and technical documentation services sub-offered within the consultancy practice for natural resource companies.

7Professional Services and Management
CategoryConsulting Services
Description

Professional services and management sub-offering within the consultancy practice, deploying experienced professionals into natural resource companies.

8Government, Land Owner and Environmental Management
CategoryConsulting Services
Description

Government, land owner, and environmental management sub-service within the consultancy practice, focused on stakeholder management for natural resource operations.

9Administration
CategoryBusiness Administration
Description

Administrative services sub-offering within the consultancy practice for natural resource companies.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Mining and minerals consulting firm advising resource companies on exploration, development, and corporate transactions. Comparable to Lionsbridge in serving listed and unlisted mining clients with integrated technical and corporate advisory.

TypeDirect peer
Description

Global engineering and project management consultancy with a long-standing mining and metals practice. Comparable to Lionsbridge in serving listed and unlisted natural resource clients with integrated management, advisory, and operational support services across the project lifecycle.

TypeDirect peer
Description

Independent mining-focused consulting firm providing technical, operational, and corporate advisory services to resource companies. Comparable to Lionsbridge in serving listed and unlisted mining clients with multidisciplinary expertise spanning geology, engineering, and corporate management.

TypeDirect peer
Description

Mining engineering and consulting firm with global operations. Comparable to Lionsbridge in providing integrated corporate, technical, and operational advisory services to listed and unlisted natural resource clients.

TypeDirect peer
Description

Mining-focused management consultancy advising resource companies on corporate strategy, transactions, and operational performance. Comparable to Lionsbridge in delivering bespoke corporate advisory to mining clients globally.

TypeDirect peer
Description

Energy and natural resources research, advisory, and consulting firm. Comparable to Lionsbridge in advising resource-sector clients on commercial strategy, capital raising context, and asset-level value realization across global markets.

TypeDirect peer
Description

Mining-focused private equity and advisory firm investing in and restructuring mining assets globally. Comparable to Lionsbridge in targeting distressed or development-stage resource companies and providing integrated management and capital solutions.

TypeDirect peer
Description

Mining-focused private equity firm providing growth and restructuring capital to resource companies worldwide. Comparable to Lionsbridge in serving mid-tier mining clients with both capital and corporate management capabilities.

TypeDirect peer
Description

Mining-focused investment firm providing capital, operational expertise, and corporate management to resource companies. Comparable to Lionsbridge in its vertically integrated approach to managing and repositioning mining businesses.

TypeBroad incumbent
Description

Investment banking division of a major African bank with a deep mining and metals franchise. Comparable to Lionsbridge in arranging corporate finance and capital solutions for natural resource clients, though operating at materially larger scale and balance sheet.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lionsbridge

Mining Sector Corporate Serviceslionsbridge.com.au

Lionsbridge is a Sydney-based private corporate management, finance, and consultancy firm that provides vertically integrated solutions — including C-suite secondment, financial management, market relations, and capital raising — to listed and unlisted natural resource companies, particularly distressed enterprises requiring recapitalization.

What Lionsbridge does

Lionsbridge is a privately held Australian corporate management, finance, and consultancy firm headquartered at Level 36, Governor Phillip Tower, 1 Farrer Place, Sydney. Founded around 2007 and operating as a subsidiary of the diversified Wesson Group conglomerate, the firm delivers vertically integrated solutions to listed and unlisted natural resource companies, with a particular focus on enterprises in financial distress, near-receivership, or requiring recapitalization. Its core offering is structured around three pillars: (1) Management Services, in which Lionsbridge personnel are seconded into client management structures as Managing Director, CEO, or Non-Executive Director over typical 2-3 year horizons; (2) Consultancy Services spanning financial management (CFO-level), market relations, documentation, professional services coordination, government/land owner/environmental management, and administration; and (3) Corporate Finance, executed via a Success Fee model (once-off capital injection) or an Introduction Model (long-term funding solution with road shows and global investor introductions). Pricing is bespoke and quote-based, with revenue derived from a mix of recurring management fees and transaction-based success/introductory fees.

The firm's operations span North America, Europe, Australia, and Asia, supported by a claimed global network of financiers, market makers, and market relations experts. Documented client engagements include Black Dragon Gold Corp. (TSX-V:BDG), KBL Mining Ltd (ASX:KBL), Woulfe Mining (TSX-V:WOF), and Vatukoula Gold Mine (AIM:VGM) — all gold-focused. Notable outcomes include Woulfe Mining's transformation from a CAD 4 million near-bankruptcy valuation to approximately USD 110 million, and the Vatukoula Gold Mine acquisition for USD 30 million in debts, subsequently listed on AIM at a GBP 80 million valuation. Capital raise execution across these projects totals tens of millions of USD, with Lionsbridge also deploying principal capital via its wholly owned subsidiary Westech Gold. The firm has no disclosed external funding, no public revenue, and no listed competitors; its competitive positioning is built on the personal track record of senior personnel (notably Brian Wesson, Executive Chairman) and the depth of its institutional investor network.

Lionsbridge firmographics

Firmographics
Name
Lionsbridge
Legal name
Lionsbridge
Website
https://lionsbridge.com.au
Company type
Private
Founded year
2015
Operating status
Operating
Short description
Lionsbridge is a Sydney-based private corporate management, finance, and consultancy firm that provides vertically integrated solutions — including C-suite secondment, financial management, market relations, and capital raising — to listed and unlisted natural resource companies, particularly distressed enterprises requiring recapitalization.
Ownership category
akta.pro rank

Lionsbridge industry classification

Industry
Product category
Mining Sector Corporate Services
NAICS
Management Consulting Services (54161), Administrative Management and General Management Consulting Services (541611), Support Activities for Metal Mining (213114), Other Management Consulting Services (541618)
SIC
Services-Management Consulting Services (8742), Services-Management Services (8741), Services-Engineering, Accounting, Research, Management (8700)
akta.pro primary industry
Timberland & Forestry Properties Brokerage (BPAJADAC)
akta.pro secondary industries
Timberland Operations Planning & Contractor Management (AFAMAKAE), Timberland Brokerage & Acquisition/Disposition Advisory (AFAMAKAB)

Keywords

  • Corporate management services
  • Mining consultancy services
  • Corporate finance advisory
  • Natural resource management
  • Investor relations services

Where Lionsbridge is headquartered

Location

Headquarters

HQ city
Sydney
HQ country
Australia
HQ region
Oceania

Offices1 record

Markets served

Lionsbridge business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales

Revenue model

  1. Corporate Management Services: Integration of Lionsbridge personnel into client management structures, providing C-suite management, board supervision, administration, investor relations and professional services. Revenue generated through management fees for ongoing service delivery.
  2. Corporate Finance - Success Fee Model: One-time injection of capital where Lionsbridge manages all aspects of the transaction. Clients receive a holistic solution to a once-off funding requirement.
  3. Corporate Finance - Introduction Model: Long-term funding solution involving identification of potential markets, road shows, and introductions to investors in North America, Europe, Australia and Asia. Revenue generated through successful capital raising for clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Lionsbridge product offering

Product offering

Core offering

Lionsbridge is a corporate management, finance, and consultancy firm that provides vertically integrated solutions to natural resource companies, primarily in the mining sector. The firm embeds its own personnel directly into client management structures to deliver tailored corporate, financial, and administrative support, with particular expertise in taking on distressed or underperforming operations. Service engagements typically span 2-3 year horizons and are delivered through a combination of management services, consultancy, and corporate finance capabilities.

Product overview

Lionsbridge offers a holistic suite of corporate management, consultancy, and financial solutions as a vertically integrated service offering. The core service portfolio comprises three main pillars: (1) Management Services, which integrates Lionsbridge personnel into client companies' management structures; (2) Consultancy Services, encompassing Financial Management, Market Relations, Documentation, Professional Services and Management, Government/Land Owner/Environmental Management, and Administration; and (3) Corporate Finance, providing transaction arrangement through Success Fee and Introduction Models. These services are delivered as bespoke solutions tailored to natural resource companies, particularly those in distress or undergoing restructuring.

Differentiator

Problem solved

Functional benefit

Products and services

  • Management Services Vertically integrated management services for natural resource and mining companies. Lionsbridge embeds its own personnel directly into client management structures to run operations, with particular emphasis on supporting distressed or underperforming businesses.
  • Consultancy Multi-disciplinary consultancy for natural resource companies covering financial management, market relations, documentation, professional services and management, government/land owner/environmental management, and administration.
  • Corporate Finance Corporate finance advisory and capital raising services for natural resource companies, leveraging a global network of financiers, brokers, and investment funds across North America, Europe, Australia, and Asia.
  • Financial Management Financial management sub-service within the consultancy practice, supporting natural resource clients with internal controls, budgeting, financial reporting, and financial modelling.
  • Market Relations Investor and market relations sub-service within the consultancy practice, supporting listed and unlisted natural resource companies with investor communications and market engagement.
  • Documentation Corporate and technical documentation services sub-offered within the consultancy practice for natural resource companies.
  • Professional Services and Management Professional services and management sub-offering within the consultancy practice, deploying experienced professionals into natural resource companies.
  • Government, Land Owner and Environmental Management Government, land owner, and environmental management sub-service within the consultancy practice, focused on stakeholder management for natural resource operations.
  • Administration Administrative services sub-offering within the consultancy practice for natural resource companies.

Quantifiable outcome

  • Companies transformed from near-bankruptcy to successful operations with significant value creation (e.g., Woulfe Mining: CAD 4M to USD 110M; Vatukoula: USD 30M debts to GBP 80M valuation)
  • +3 more outcomes

Companies that use Lionsbridge

Customer profile

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Lionsbridge technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Lionsbridge partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Lionsbridge competitors and assessment

Company assessment

Direct peers

  • CSA Global: Mining and minerals consulting firm advising resource companies on exploration, development, and corporate transactions. Comparable to Lionsbridge in serving listed and unlisted mining clients with integrated technical and corporate advisory.
  • Hatch: Global engineering and project management consultancy with a long-standing mining and metals practice. Comparable to Lionsbridge in serving listed and unlisted natural resource clients with integrated management, advisory, and operational support services across the project lifecycle.
  • SRK Consulting: Independent mining-focused consulting firm providing technical, operational, and corporate advisory services to resource companies. Comparable to Lionsbridge in serving listed and unlisted mining clients with multidisciplinary expertise spanning geology, engineering, and corporate management.
  • Mining Plus: Mining engineering and consulting firm with global operations. Comparable to Lionsbridge in providing integrated corporate, technical, and operational advisory services to listed and unlisted natural resource clients.
  • Behre Dolbear Group: Mining-focused management consultancy advising resource companies on corporate strategy, transactions, and operational performance. Comparable to Lionsbridge in delivering bespoke corporate advisory to mining clients globally.
  • Wood Mackenzie: Energy and natural resources research, advisory, and consulting firm. Comparable to Lionsbridge in advising resource-sector clients on commercial strategy, capital raising context, and asset-level value realization across global markets.
  • Appian Capital Advisory: Mining-focused private equity and advisory firm investing in and restructuring mining assets globally. Comparable to Lionsbridge in targeting distressed or development-stage resource companies and providing integrated management and capital solutions.
  • Resource Capital Funds: Mining-focused private equity firm providing growth and restructuring capital to resource companies worldwide. Comparable to Lionsbridge in serving mid-tier mining clients with both capital and corporate management capabilities.
  • Pala Investments: Mining-focused investment firm providing capital, operational expertise, and corporate management to resource companies. Comparable to Lionsbridge in its vertically integrated approach to managing and repositioning mining businesses.

Broad incumbents

  • Standard Bank Mining & Metals: Investment banking division of a major African bank with a deep mining and metals franchise. Comparable to Lionsbridge in arranging corporate finance and capital solutions for natural resource clients, though operating at materially larger scale and balance sheet.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Lionsbridge social profiles

Digital presence

Lionsbridge financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lionsbridge leadership team

Management profile

Number of profiles

Profiles1 record

Lionsbridge subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Lionsbridge funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lionsbridge M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lionsbridge

What does Lionsbridge do?

Lionsbridge is a corporate management, finance, and consultancy firm that provides vertically integrated solutions to natural resource companies, primarily in the mining sector. The firm embeds its own personnel directly into client management structures to deliver tailored corporate, financial, and administrative support, with particular expertise in taking on distressed or underperforming operations. Service engagements typically span 2-3 year horizons and are delivered through a combination of management services, consultancy, and corporate finance capabilities.

Is Lionsbridge a public or private company?

Lionsbridge is a private company. It is classified as corporate owned and is currently operating.

When was Lionsbridge founded?

Lionsbridge was founded in 2015.

Where is Lionsbridge based?

Lionsbridge is headquartered in Sydney, Australia, in the Oceania region.

How does Lionsbridge make money?

Three revenue lines are on record. Corporate Management Services are the primary driver. The others are corporate Finance - Success Fee Model and corporate Finance - Introduction Model.

Who are Lionsbridge's main competitors?

Direct peers on record are CSA Global, Hatch, SRK Consulting, Mining Plus, Behre Dolbear Group, Wood Mackenzie, Appian Capital Advisory, Resource Capital Funds and Pala Investments. Standard Bank Mining & Metals is listed as a broad incumbent.

Does Lionsbridge have an API?

No public API is recorded for Lionsbridge.

What industry is Lionsbridge in?

Lionsbridge's product category is Mining Sector Corporate Services. Its primary akta.pro industry code is BPAJADAC, Timberland & Forestry Properties Brokerage, with a secondary code of AFAMAKAE, Timberland Operations Planning & Contractor Management. Its NAICS code is 54161 and its SIC code is 8742.

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Contact sales
Live signals
PR NewswireTransPerfect Employees and Members of Citizens for a Pro-Business Delaware Protest Involvement of Lionsbridge in the TransPerfect Sales Process at Judge Bouchard's Speaking Engagement in New York CityTransPerfect employees and members of Citizens for a Pro-Business Delaware protested on July 25, 2017, outside Judge Bouchard's speaking engagement in New York City, urging him to eliminate Lionsbridge from consideration as a potential buyer in the forced sale of TransPerfect. Employees fear Lionsbridge would outsource the majority of TransPerfect's nearly 5,000 jobs, of which only 300 are currently domestic, compared to the 4,700 currently offshore. The protestors also called on Chancellor Bouchard to provide an update on mediation efforts and criticized the custodian's reported spending of over $20 million on consultants.GlobeNewswireAstur Gold September 2016 Letter to ShareholdersLionsbridge took over management of Astur Gold in August 2016, citing a Spanish court decision confirming mining concessions. The company plans to complete a feasibility study within six months and raise a second tranche of funds. It also called an AGM and EGM on October 11, 2016.GlobeNewswireAstur Gold Corp.: Extension of Option PeriodAstur Gold Corp. announced that RMB Australia Holdings extended the option period under the agreement with Lionsbridge and the Company. The extension runs to November 6, 2016 on the same terms previously disclosed. Management said the option exercise is part of a strategic plan to progress the Salave gold project.GlobeNewswireAstur Gold Announces Conditional Approval to Services Agreement and New Board and ManagementAstur Gold received conditional TSX Venture approval for a services agreement with Lionsbridge and Westech, effective August 9. New directors Brian Wesson, Clyde Wesson, and Mark Gelmon were appointed, with final approval pending shareholder vote in early October. The company expects to close a private placement this week and progress on financing to repay a US$8.77 million debt.GlobeNewswireAstur Gold Announces Significant Strategic Changes to the Company Including Restructure of Debt, Interim Financing and Changes in Board and ManagementAstur Gold Corp. entered strategic agreements with Lionsbridge and RMBAH to restructure its debt and secure financing. The deal includes a US$3 million cash payment, a 2% net smelter returns royalty, and a private placement of up to 12 million units. The company will restructure its board and management, with Brian Wesson appointed CEO.