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LionGold to receive investment that will relieve debt

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…

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