CATALIST-LISTED LionGold Corp plans to scrap a subscription agreement for S$100 million in redeemable convertible bonds, ahead of a separate share issuance to a pair of Chinese private investors.
The company also entered into a conditional option agreement on Monday to issue some 500 million share options at 0.1 Singapore cent apiece to the sub-fund, in a private placement that will not require a prospectus or offer information statement to be lodged. If all the options are validly exercised, the option agreement is expected to yield S$450,000 in net proceeds, for use as working capital.
The board added that LionGold will appoint an independent financial adviser to provide an opinion about whether those transactions"are on normal commercial terms and are not prejudicial to the interests of the Company and its minority shareholders".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore AI software solutions provider FireVisor raises close to S$1m in seed fundingARTIFICIAL intelligence (AI) software solutions provider FireVisor has raised seed funding of 'close to S$1 million' in an exercise led by the 500 Startups Durians II Fund and Acequia Capital and joined by SGI along with Entrepreneur First. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
ERA rolls out S$1m startup grant to attract new real estate agentsERA Realty Network has announced a S$1 million startup grant to help offset joining fees for new real estate salespersons joining the industry. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyundai shareholders reject Elliott's US$6.2 billion dividend requestSEOUL: Investors in Hyundai Motor Group companies rejected on Friday Elliott Management's demands for a massive special dividend, dealing a blow ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Novo Tellus to be Procurri's largest shareholder with 30% stakePRIVATE equity firm Novo Tellus will become the largest shareholder of mainboard-listed Procurri, with a 30 per cent stake in the global data centre services firm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hyundai shareholders to vote on Elliott's bid to change 'status quo'Investors in Hyundai Motor Group companies are due to meet on Friday to vote on U.S. hedge fund Elliott Management's demands for a massive special ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
ERA rolls out S$1m startup grant to attract new real estate agentsERA Realty Network has announced a S$1 million startup grant to help offset joining fees for new real estate salespersons joining the industry. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore AI software solutions provider FireVisor raises close to S$1m in seed fundingARTIFICIAL intelligence (AI) software solutions provider FireVisor has raised seed funding of 'close to S$1 million' in an exercise led by the 500 Startups Durians II Fund and Acequia Capital and joined by SGI along with Entrepreneur First. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »