LionGold, Blumont clarify reports

GOLD miner LionGold Corp and Blumont Group have issued clarifications in relation to a story carried by The EdgeSingapore and The Edge Malaysia this week on the penny stock crash which took place last October.

LionGold's stocks, along with Blumont's, are the subject of a trading probe by the Commercial Affairs Department into possible breaches of securities laws.

The article which ran in The Edge, entitled Hunting for the Truth, alleges that Malaysian businessman Soh Chee Wen has been identified by the authorities as the ringleader behind the incident.