TORONTO, May 25, 2015 /CNW/ - DELISTING REVIEW SouthGobi Resources Ltd. (the "Company") – Further to TSX Bulletin 2015-0170 dated February 26, 2015, TSX has decided to extend its review of the eligibility of the common shares (Symbol: SGQ) of the Company for continued listing for a period of 30 days." About TMX Group (TSX:X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple [...]
HONG KONG, CHINA--(Marketwired - May 25, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces the extension of the delisting review following confirmation that the Continued Listing Committee (the "Committee") of the Toronto Stock Exchange ("TSX") has determined to defer its delisting decision until no later than June 24, 2015. On February 25, 2015, the Company was placed on [...]
HONG KONG, CHINA--(Marketwired - May 20, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces an update with respect to the May 2015 cash interest payment due on the China Investment Corporation ("CIC") convertible debenture ("CIC Convertible Debenture"), the refusal by the Supreme Court of Mongolia to hear SouthGobi's case on appeal and the status of the Toronto Stock Exchange [...]
HONG KONG, CHINA--(Marketwired - May 15, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announced appointment of two new directors to the Company's Board of Directors (the "Board") following the successful closing of the Novel Sunrise Investments Limited ("Novel Sunrise") private placement. Mr. Ningqiao Li, 51, has been appointed as a non-executive director ("Non-Executive [...]
HONG KONG, CHINA--(Marketwired - May 11, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") today announced its financial and operating results for the three months ended March 31, 2015. All figures are in U.S. Dollars unless otherwise stated. Significant Events and Highlights The Company's significant events and highlights for the three months ended March 31, 2015 and subsequent period to May 11, 2015 [...]
SouthGobi Resources has been notified of the expiry of the Sale and Purchase agreement between Turquoise Hill Resources and National United Resources Holdings Limited which provided for the sale of 56,102,000 common shares in the Company. The Company has been advised that the NUR SPA as amended on December 2, 2014 was unable to be completed as required by the terms of the NUR SPA. As detailed in the ...
SouthGobi challenges the legal grounds for the Court's action and will continue to defend itself through all available legal means HONG KONG, CHINA--(Marketwired - Apr 29, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announced on March 28, 2015, that the court hearing for the Company's appeal against the verdict issued by the Second District Criminal Court of Justice ("Tax [...]
Conference Call to Discuss Results HONG KONG, CHINA--(Marketwired - Apr 28, 2015) - The board of directors of SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") will meet on Monday, May 11, 2015, to consider and approve the first quarter 2015 financial results of the Company and its subsidiaries. These financial results will be released before Toronto Stock Exchange ("TSX") market open. The [...]
Resumption of Trading HONG KONG, CHINA--(Marketwired - Apr 24, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") today announces the closing of the Novel Sunrise Investments Limited ("Novel Sunrise") private placement and the closing of the sale and purchase agreement between Novel Sunrise and Turquoise Hill Resources Ltd. ("Turquoise Hill") ("Novel SPA") (together the "Novel Sunrise [...]
HONG KONG, CHINA--(Marketwired - Mar 30, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company"). The Company today announced its financial and operating results for the quarter and the year ended December 31, 2014. All figures are in U.S. Dollars unless otherwise stated. Significant Events and Highlights The Company's significant events and highlights for the year ended December 31, 2014 and [...]
HONG KONG, CHINA--(Marketwired - Mar 25, 2015) - SouthGobi Resources Ltd. (TSX:SGQ) (HKSE:1878) ("SouthGobi" or the "Company") announced on March 22, 2015, that the court hearing for the Company's appeal against the verdict issued by the Second District Criminal Court of Justice ("Initial Verdict") had been set for March 25, 2015. The hearing took place on March 25, 2015 at the 10th Appeal Court for Criminal Case of [...]
SouthGobi Resources announced on February 1, 2015, that on January 30, 2015, three former employees of SouthGobi Sands LLC, the Company's Mongolian subsidiary, were found guilty of tax evasion by the panel of appointed judges from the Second District Criminal Court of Justice. Sentences for the former employees ranged from 5 years and 6 months to 5 years and 10 months of imprisonment in the correctional facilities of [...]
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