SouthGobi Resources Ltd. wishes to inform the shareholders of the Company and potential investors that, based on the Company's preliminary assessment of the operational data and the information currently available, the Company expects to record a net loss in the range of USD 16 million to USD 21 million for the first half of 2020, as compared with a net profit of USD 4.2 million for the first half of 2019. The decrease in [...]
SouthGobi Resources Ltd. announces that reference is made to the announcement of the Company dated June 30, 2020 in relation to the delay in publication of the 2019 Audited Annual Results and the despatch of the 2019 Annual Report. Unless otherwise stated herein, capitalized terms used herein shall have the same meanings as that ascribed to them in the June 30th Announcement. As disclosed in the June 30th Announcement [...]
SouthGobi Resources Ltd. announces that reference is made to the announcements of the Company dated May 17, 2020 and June 11, 2020 in relation to, among other things, the delay in publication of the annual results of the Company for the year ended 31 December 2019 and despatch of the 2019 Annual Report. Unless otherwise stated herein, the capitalized terms used herein shall have the same meanings as that ascribed to them [...]
SouthGobi Resources Ltd. announces that the British Columbia Securities Commission has issued a general “failure to file” cease trade order on June 19, 2020 , to prohibit the trading by any person of any securities of the Company in Canada. Trading in the Company’s common shares on the TSX has been halted as a result of the CTO. Reference is made to the announcement of the Company dated June 11, 2020 . Unless the context [...]
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 [...]
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