Dani Daim resigns from LionGold Corp on Aug 15

Datuk Md Wira Dani Che Abdul Daim has resigned from LionGold Corp Ltd on Aug 15, the company announced to Singapore Exchange.

LionGold has interests in gold mining and exploration companies in Australia and Ghana.

The group's wholly-owned Australian unit, Castlemaine Goldfields, produced approximately 45,000 ounces of gold in financial year ended 2015, contributing S$73 million (S$1=RM2.99) in revenue.

According to LionGold on Tuesday, the reason for his resignation was "to settle personal affairs following a bankruptcy order made against him by the Singapore courts which he intends to resolve within the next 30 days."

Md Wira Dani, 37, is a non-independent and non-executive director of LionGold Corp since Sept 30, 2015.

He is the son of former finance minister of Malaysia.

Meanwhile, the Straits Times reported today Md Wira Dani was made a bankrupt last week over some S$1.65 million in debts that he owed to Maybank Kim Eng Securities.