Shen Yao to price S$10 million convertible bonds in 10 tranches

By Abigail W. Adams

Portland, Me., Dec. 31 – Shen Yao Holdings Ltd. (formerly LionGold Corp. Ltd.) announced it had received approval to list the 3,333,333,333 shares underlying its proposed offering of S$10 million convertibles on the Singapore Exchange Securities Trading Ltd., according to a company announcement.

The company intends to price S$10 million 10% convertible bonds in 10 S$1 million tranches, according to the release.

Shen Yao is a Singapore-based gold mining and exploration company.

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