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LionGold to receive investment that will relieve debt

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Janice Heng

Janice Heng

Published Fri, Dec 28, 2018 · 09:50 PM

Singapore

CATALIST-LISTED LionGold Corp, one of the firms involved in the penny stock crash of 2013, is set to receive an investment to help with its outstanding debt, it announced in a Singapore Exchange filing on Friday.

Under a subscription agreement on Dec 28, Yaoo Capital Pte Ltd will subscribe for up to 21.8 billion new ordinary shares in LionGold at the issue price of 0.1 Singapore cent each, equal to the volume weighted average price of its shares on Dec 28.

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