liongold - who are they?, page-3

I thought I would add this as well from the SGX announcment when they changed their direction from renewable energy to gold mining...


The proposed Name Change is to align with the corporate strategy of the Company following the proposed change of the Company’s core business activities from that of:

“an investment holding company that invests in and manages, inter alia, companies and other entities that are engaged in CDM projects and industries, companies and other entities that undertake EPC contracting for biomass power plants, companies that build, own and operate biomass power plants and companies that are involved in renewable energy and waste renewal projects and industries.”

to


“an investment holding company that invests in (whether by way of acquisition, joint venture, collaboration or otherwise) and manages, inter alia, companies, businesses and other entities or organisations that are engaged (whether directly or otherwise) in the exploration for and
exploitation of precious and other minerals, and natural resources.”


also this...





In furtherance of the proposed change of the Company’s core business activities, the Company has, since April 2011 diversified its business activities as follows:

(a) in April 2011, the Company acquired a 70% shareholding interest in Mornington through which it has an indirect 70% shareholding interest in EMSA., a company incorporated in the Republic of Mali that is in the business of exploration and exploitation of gold in Mali, Africa.

(b) since April 2011, the Company entered into agreements to acquire the following assets:

(i) a 100% interest in BAI, which has an existing exclusive heads of agreement with DBEC for a 40% interest in a gold mining special purpose vehicle with DBEC in a 846
hectare property in Eastern Mindanao, the Republic of Philippines;

(ii) a 51% interest in ASWA which has three (3) mining leases in Akropong, Koniwah and Konongo in Ghana, West Africa;

(iii) mining licences for the Batouba site in the Cercle of Bougouni, Mali (proposed to be acquired by the Company’s indirect subsidiary, EMSA);

(iv) a gold mining licence for the district of Bida, Mali (proposed to be acquired by the Company’s indirect subsidiary, EMSA); and

(v) a 100% interest in Abundant Minerals, which has entered into an agreement to acquire 51% equity interest in AGC. AGC owns three (3) exploration licences and one
(1) mining licence for the Tsagaan Jalga Project located approximately 180 kilometres northeast of Erdenet City, Orkhon-Uul Province, Mongolia.

(c) the Company is also in negotiations to acquire more concessions (i.e., gold mining concessions) globally.