LionGold Corp Ltd
announced
that it has on 14 August 2013 entered into an agreement with Carnegie
Hall Group LLC, Platinum Partners Liquid Opportunities Fund and Spring
Road Advisors LLC. Pursuant to the
Subscription Agreement, the Company has agreed to allot and issue and
the Subscribers have agreed to subscribe for up to: (a) 180 million new
ordinary shares in the capital of the Company at an issue price of
S$1.10907 per Placement Share; and (b) 135 million
new detachable warrants, each entitling the holder of such warrant to
subscribe for one (1) new ordinary share in the capital of the Company
at S$1.3555 per New Share, subject to the terms and conditions as set
out in a deed poll constituting such warrants
at an issue price of S$0.02. The Placement will be conducted in three
tranches of (a) 90 million Placement Shares and 45 million Placement
Warrants under Tranche 1 Placement, (b) 45 million Placement Shares and
45 million Placement Warrants under Tranche 2
Placement, and (c) 45 million Placement Shares and
45 million Placement Warrants under Tranche 3 Placement. (Closing Price S$ - , - %)
Pan-United Corporation Ltd
announced that Pan-United Infrastructure
Pte. Ltd, a wholly-owned subsidiary of the Company, has, together with
Petroships Investment Pte Ltd, a private limited company incorporated in
Singapore, on 14 August 2013 entered into a sale and purchase agreement
with Macquarie International Infrastructure
Holding Limited, a wholly owned subsidiary of Macquarie International
Infrastructure Fund Limited, a mutual fund company listed on the
Mainboard of the Singapore Exchange Securities Trading Limited, in
relation to the sale and purchase of 20,000,000 shares
in the capital of Singapore Changshu Development Company Pte. Ltd.
(representing 40% of the total issued shares of SCDC). Pursuant to the
Sale and Purchase Agreement: (a) MIHL will sell to PUI, and PUI will
purchase 18,000,000 shares in the capital of SCDC
(representing 36% of the total issued shares of SCDC) for a cash
consideration of S$100,980,000; and (b) MIHL will sell to Petroships,
and Petroships will purchase 2,000,000 shares in the capital of SCDC
(representing 4% of the total issued shares of SCDC)
for a cash consideration of S$11,220,000 (Closing Price S$ 0.910,
0.552%)
Rex International Holding Limited
signed a term-sheet
with Norwegian private equity investor Pareto Staur SPV1 AS, providing
the Company with access to three new onshore exploration &
production opportunities in the island nation of Trinidad and Tobago in
the Caribbean. Rex International Holding will invest USD
9 million for a 51.99 per cent stake in Rex Caribbean Oil Company Ltd,
while Pareto Staur will invest USD 6.5 million for a 34.76 per cent
stake. The transaction will involve the initial investment into three
E&P licenses; namely, the Inniss-Trinity field,
the South Erin Block and the Cory Moruga Block ‘E’. These assets
already have producing discoveries and Rex Caribbean Oil Company will,
after completion of the farm-in activities, hold 100 per cent of the
Inniss-Trinity field and working interest of 75 per
cent in the South Erin Block and 51 per cent in the Cory Moruga Block
‘E’. The transaction is expected to be completed in the coming weeks and
is subject to regulatory due diligence. (Closing Price S$ 0.820 3.145%)
ISOTeam Ltd.
announced that the following contracts have
been secured by the Group: (i) TMS Alliances Pte. Ltd., a wholly owned
subsidiary of the Company, has been awarded the tender with a contract
value of approximately $5.47 million by Ang Mo Kio Town Council to carry
out repairs and redecoration works to 27
HDB blocks at Ang Mo Kio Avenue 6, Avenue 8 and Avenue 9. The
completion of this project is expected to take place in November 2014;
(ii) ISO-Team Corporation Pte Ltd, a wholly owned subsidiary of the
Company, has secured a project worth approximately $1.63
million from SKK (S) Pte Ltd to undertake repairs and redecoration
works at Blks 402 to 411 and Blks 413 to 417 Bukit Batok West Avenue 2,
Avenue 4 and Avenue 7. The completion of this project is expected to
take place in April 2014; and (iii) ISO-Team Corporation
has been awarded the tender with a contract value of approximately
$3.77 million by Pasir Ris – Punggol Town Council to carry out repairs
and redecoration works to 17 blocks at Blks 130 to 146 Pasir Ris Street
11. The completion of this project is expected
to take place in August 2014, In addition to the Contracts secured, the
Board also wishes to update that based on the provisional tender
results released by Jurong Town Council, TMS Alliances has emerged as
the lowest tenderer in respect of the project to
carry out repairs and redecoration works to 14 blocks of flats in Bukit
Batok East Division. The value of this project is approximately $2.38
million. (Closing Price S$ 0.395, 2.597%)