07 December 2012

Singapore Stock Market Daily News - 7 December 2012

LionGold Corp Ltd (“LionGold” or the “Group”) has proposed raising its strategic stake in Australian-listed Citigold Corporation Ltd (“Citigold”) from 10.09% to 17.69%.  Under an agreement, LionGold would subscribe for 114.29 million new Citigold shares at a price of A$0.07 each.  This represents a total cash consideration of A$8 million, equivalent to approximately S$10.21 million at an exchange rate of A$1.00 to


Citigold owns 100% of the 1,500 square kilometre Charters Towers Gold Project in Queensland, which holds one of the largest, high-grade gold deposits in Australia.  High grade deposits are generally classified as those containing more than 5 grams per tonne of ore. LionGold became the largest Citigold shareholder after subscribing to 125 million new shares for A$10.0 million (approximately S$12.9 million), as announced in June 2012.

Source: http://liongoldcorp.listedcompany.com/newsroom/20121206_175822_A78_9A4FEA5F0D042A9148257ACC00343882.1.pdf

RH Petrogas Limited has through its wholly-owned subsidiary, RHP (Mukah) Pte. Ltd. (“RHP (Mukah)”), entered into with Petroliam Nasional Berhad (“PETRONAS”) for  Block SK 331 onshore Sarawak  (the  “Block”). The Board wishes to update that RHP (Mukah) was incorporated in Singapore with a paid-up capital of S$2 as a wholly-owned subsidiary of RH Petrogas Investments Pte. Ltd., which is a wholly-owned subsidiary of the Company. The incorporation of RHP (Mukah) was funded through internal resources and is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Group for the financial year ending 31 December 2012.

RH Petrogas Limited (“RHP”) is an independent upstream oil and gas company headquartered in
Singapore. RHP  is listed on the mainboard of the Singapore Stock Exchange and is focused on
exploration, development and production of oil and gas deposits. RHP has producing, development
and exploration blocks in Indonesia, China and Malaysia.

RHP aspires to be a leading independent upstream oil and gas company in the region and is actively
looking for further growth opportunities in the sector.

Source: http://rhpetrogas.listedcompany.com/newsroom/20121206_174518_T13_037C2478A9C24BF848257ACC00195C2E.1.pdf

Selective Daily Shares Back: 

See Hup Seng - 5,050,000 shares @ S$969,834.08

Source: http://seehupseng.listedcompany.com/news.html/id/328242

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