ASIA

Lion to roar in SE Asia

AUSTRALIAN Securities Exchange-listed Lion Energy has stumped up $A1 million to take a 30.77% interest in Southeast Asia-focused KRX Energy, with an eye on developing a number of opportunities in the region.

James McGrath

Lion will front the $1 million in the form of subscriptions at 5c per share to acquire the interest which, under an agreement signed by the parties, gives it the right to fund KRX's activities for 36 months....

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