Liquefied Natural Gas Limited (ASX:LNG, OTCMKTS:LNGLF) is continuing to draw the interest of U.S. institutional investors and hedge funds keen to get on board a company following in the footsteps of U.S. export LNG forerunner Cheniere Energy (NYSEMKT:LNG).
It has received notices of initial substantial shareholder from Fairview Capital Asset Management and hedge fund Valinor Management.
Cheniere had built its share price up from US$12 per share to the current US$65.68 after securing U.S. FERC approval for its Sabine Pass LNG export plants.
These are expected to ship their first cargo of LNG in 2015.
Shares in LNG Limited have chartered a stellar path in the last month, rising 212% to a high of $2.59 from a close of $0.83 on 19 May.
Initial Substantial Shareholder Notices
Fairview has a 7.39% interest in LNG Limited from subscribing for 33 million shares priced at $0.55 each under the recent $49.5 million placement.
It manages US$3.4 billion through funds of funds, customised separate accounts and other innovative structures.
Valinor has a 5.37% interest, or 23,979,129 shares, in the company.
Since acquiring an initial 6.5 million shares at $0.55 each, Valinor has acquired parcels of shares for consideration ranging from $0.9405 to $2.2598 per share.
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