SouthGobi Resources Ltd.

SouthGobi Resources Ltd. announces that, further to its press release dated December 15, 2018, the special committee of independent non-executive directors of the Company has concluded its formal internal investigation into the past conduct engaged in by former senior executive officers and employees of the Company which raised suspicions of serious fraud, misappropriation of Company assets and other criminals acts by the [...]

SouthGobi Resources Ltd. hereby announces that the board of directors will meet on Sunday, March 31, 2019 to consider and approve the financial results of the Company and its subsidiaries for the fourth quarter and the full year of 2018. These results will be released on March 31, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in [...]

SouthGobi Resources Ltd. announces that the board of directors will meet on Friday, March 29, 2019 to consider and approve the financial results of the Company and its subsidiaries for the fourth quarter and the full year of 2018. These results will be released on March 29, 2019. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in [...]

SouthGobi Resources Ltd. provides the following quarterly update pursuant to Rule 13.09 and Rule 13.24A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Status of internal investigation In connection with the resumption guidance provided to the Company by the Hong Kong Stock Exchange, as well as the expanded mandate of the special committee of independent non-executive directors [...]

SouthGobi Resources Ltd. announces that, further to its press release dated September 20, 2018, the Company has received notice that on January 24, 2019 the Ejinaqi People’s Court of Inner Mongolia Autonomous Region of China rendered a judgment allowing the application by Jiayuguan Xiyuan Trading Co., Ltd. to voluntarily withdraw its lawsuit against Inner Mongolia SouthGobi Energy Co., Ltd., a subsidiary of the [...]

SouthGobi Resources Ltd. announces that on January 3, 2019, the Hong Kong Stock Exchange provided the following resumption guidance for the Company, whereby the Company is to: conduct a forensic investigation of past conduct engaged in by former senior executive officers and employees of the Company which raises suspicions of serious fraud, misappropriation of Company assets and other criminals acts by the Former [...]

SouthGobi Resources Ltd. announces that the Company is in default under the convertible debenture between China Investment Corporation and the Company signed in November 2009 as a result of the Company having now been suspended from trading on the Toronto Stock Exchange , halted from trading on the Hong Kong Stock Exchange , for a period of more than 5 trading days since December 17, 2018. Trading on the TSX will remain [...]

SouthGobi Resources Ltd. announces that, further to its press release dated December 15, 2018, the Toronto Stock Exchange has suspended trading of the Company’s common shares effective as of 10:19 a.m. on December 17, 2018 and trading will remain suspended until clarification regarding the business and affairs of the Company is announced. Trading in the Company’s common shares has also been halted on the Hong [...]

SouthGobi Resources Ltd. announces that the Company has learned of certain information relating to past conduct engaged in by former senior executive officers and employees of the Company which raises suspicions of serious fraud, misappropriation of Company assets and other criminal acts by the Former Management and Employees relating to prior transactions between 2016 and the first half of 2018 involving the Company [...]

SouthGobi Resources Ltd. today announces that pursuant to the convertible debenture between China Investment Corporation and the Company signed in November 2009 and the deferral agreement between CIC and the Company executed on June 12, 2017 , total interest payments and associated fees which were due and payable to CIC on November 19, 2018 amounted to US$41.8 million . The Outstanding Interest Payable consists of: cash [...]