SouthGobi Resources Ltd.

SouthGobi Resources Ltd. announces that it has agreed to a deferral of the payment obligations which are due and payable to CIC in June 2020. Reference is made to the announcement of the Company dated February 19, 2020 . Capitalized terms used herein, unless otherwise defined, shall have the same meaning as those defined in the Announcement. On June 19, 2020, the Company and CIC have entered into an agreement pursuant to [...]

SouthGobi Resources Ltd. announces that it anticipates that its external auditors will not be in a position to render an unmodified opinion on the Company’s annual consolidated financial statements for the year ended December 31, 2019 prior to June 15, 2020 , being the expiry date of the management cease trade order issued by the British Columbia Securities Commission . As a result, the Company will not be able to file [...]

SouthGobi Resources Ltd. announces that SGS and First Concept entered into a settlement agreement on June 7, 2020 . Reference is made to the announcement of the Company dated June 2, 2020 in relation to the enforcement on Arbitration Award . Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Announcement. Pursuant to the Settlement Agreement, SGS shall [...]

SouthGobi Resources Ltd. announces receipt of a letter dated June 1, 2020 from legal counsel to First Concept Industrial Group Limited demanding repayment of the outstanding sums and interests pursuant to an enforcement order issued in January 2020 in relation to the arbitration award related to a coal supply agreement with First Concept. The Demand Letter stated that if the Company fails to repay the outstanding payments [...]

SouthGobi Resources Ltd. provides this bi-weekly default status report in relation to the management cease trade order dated May 15, 2020 granted by the British Columbia Securities Commission pursuant to National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults . As disclosed in its announcements dated May 12, 2020 and May 17, 2020, the Company was advised by its external auditors that they were [...]

SouthGobi Resources Ltd. announces an update on issuing its 2019 Financial Statements and the publication and dispatch of the 2019 Annual Report. Reference is made to the Company’s announcements dated April 27 and May 12, 2020 . Unless otherwise defined herein, capitalized terms used in this announcement shall have the same respective meanings as defined in the Announcements. As disclosed in the announcement dated May 12 [...]

SouthGobi Resources Ltd. announces that it has been advised by its external auditors that they will not be in a position to render an unmodified opinion on the Company’s annual consolidated financial statements for the year ended December 31, 2019 prior to the extended filing deadline of May 14, 2020 because they have not been able to obtain sufficient evidence to support management’s going concern assumptions. As a [...]

SouthGobi Resources Ltd. announces that the Company has obtained a waiver dated May 5, 2020 from the Hong Kong Stock Exchange from the strict compliance with the requirements under Rule 13.46 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange and an order dated May 7, 2020 from the British Columbia Registrar of Companies to extend the time to hold its annual general meeting of the [...]

SouthGobi Resources Ltd. announces that it has agreed to a deferral of the payment obligations which are due and payable to CIC on May 15, 2020 and May 19, 2020. Reference is made to the announcement of the Company dated February 19, 2020 . Capitalized terms used herein, unless otherwise defined, shall have the same meanings as those defined in the Announcement. On May 8, 2020, the Company and CIC have entered into an [...]

SouthGobi Resources Ltd. is providing this corporate update further to its announcement dated March 30, 2020 as required under the terms of the Canadian Securities Administrators’ temporary blanket relief. which the Company relied on to postpone the filing of its audited consolidated financial statements for its financial year ended December 31, 2019, the accompanying Management’s Discussion and Analysis of Financial [...]