Huge fair-value swings for penny stock trio
Mixed fortunes for Asiasons, Blumont and LionGold in quarterly results
Singapore
DRASTIC changes in the fair values of financial assets belonging to the troubled penny stock trio - Asiasons Capital, Blumont Group and LionGold Corp - led to huge swings in their latest quarterly results released this week.
Yesterday, LionGold also unveiled plans to raise net proceeds of $17.1 million for its gold-mining operations and for working capital, a month after it had aborted a private placement of shares and warrants to raise $202 million, citing volatility in its share price.
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