LionGold & Asiasons Capital: Sale of Asiasons’ 5.5% stake (40m shares) of LionGold to LionGold's executive chairman has been delayed again to 10 Jan 2012 and the sale price has been adjusted from $0.75 to $0.76 with an extension fee of $50k to be paid to Asiasons. This is the 2nd extension, the 1st being from 26 Aug 2011 to 26 Sep 2011. The reasons for the frequent delay is puzzling given that share price is generally stable and with a positive price adjustment and fee increase suggests delays on co’s executive chairman’s side.
The executive chairman is Tan Sri Dato Nik Ibrahim Bin Tan Sri Nik Ahmad Kamil, who also holds the Group CEO position.
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