HONG KONG, CHINA--(Marketwired - May 13, 2013) - SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) announced today the results of the Annual and Special Meeting of Shareholders held in Vancouver, Canada on May
Please see the attached announcement for more details.
By order of the Board
SouthGobi Resources Ltd.
Ms. Kay Priestly, Chairperson
Hong Kong, May 13, 2013
As of the date of this announcement, the executive Director is Mr. Kenneth Ross Tromans, the non-executive Directors are Ms. Kay Priestly, Mr. Lindsay Dove, Mr. Sean Hinton, Mr. Brett Salt, and Mr. Kelly Sanders, and the independent non-executive Directors are Mr. Pierre Bruno Lebel, Mr. Andre Henry Deepwell, and Mr. William Gordon Lancaster.
* For identification purposes only
SouthGobi Resources announces results of Annual and Special Meeting of Shareholders
HONG KONG - SouthGobi Resources Ltd. (SGQ.TO)(1878.HK) (the "Company" or "SouthGobi") announced today the results of the Annual and Special Meeting of shareholders held in Vancouver, Canada on May 8, 2013.
The majority of shareholders voted in favour of all resolutions at the meeting as set out in the Company's Management Proxy Circular dated March 25, 2013 namely:
- Election of Andre Deepwell, Lindsay Dove, Sean Hinton, W. Gordon Lancaster, Pierre Lebel, Kay Priestly, Brett Salt, Kelly Sanders and K. Ross Tromans as directors of the Company.
- Appointment of PricewaterhouseCoopers LLP as auditors of the Company.
- Approved and reconfirmed the unallocated stock options, rights and other entitlements pursuant to the Employees' and Directors' Equity Incentive Plan adopted by the Company on May 11, 2010, and amended on May 17, 2011.
The Stock Exchange of Hong Kong has granted SouthGobi a waiver from Listing Rule
13.39(4) which requires that any vote of shareholders at a general meeting must be taken by poll. Therefore this notice does not contain the specific information set out in Listing Rule 13.39(5).
About SouthGobi Resources
SouthGobi Resources is listed on the Toronto and Hong Kong stock exchanges, in which Turquoise Hill Resources Limited, also publicly listed in Toronto and New York, has a 58% shareholding. Turquoise Hill took management control of SouthGobi in September 2012 and made changes to the board and senior management. Rio Tinto has a majority shareholding in Turquoise Hill.
SouthGobi Resources is focused on exploration and development of its metallurgical and thermal coal deposits in Mongolia's South Gobi Region. It has a 100% shareholding in SouthGobi Sands, the Mongolian registered company that holds the mining and exploration licences in Mongolia and operates the flagship Ovoot Tolgoi coal mine. Ovoot Tolgoi produces and sells coal to customers in China.
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
(a company continued under the laws of British Columbia, Canada with limited liability)
(Stock Code: 1878)