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SouthGobi Resources Ltd. (SGQRF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0011+0.0011 (+109,900.00%)
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Previous Close0.0000
Open0.0011
BidN/A x N/A
AskN/A x N/A
Day's Range0.0011 - 0.0011
52 Week Range0.0011 - 0.1100
Volume100
Avg. Volume0
Market Cap259,350
Beta (5Y Monthly)-0.22
PE Ratio (TTM)0.07
EPS (TTM)0.0150
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • GlobeNewswire

    Clarification Announcement

    VANCOUVER, British Columbia, Oct. 09, 2020 (GLOBE NEWSWIRE) -- SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) announces that reference is made to the announcement of the Company dated September 30, 2020 in relation to the additional resumption guidance (the “Announcement”). Unless otherwise stated herein, capitalized terms used herein shall have the same meanings as that ascribed to them in the Announcement. This clarification announcement is published for the purpose of correcting inadvertent clerical errors. The Company hereby clarifies that the additional resumption guidance as disclosed in the Announcement shall read as follows: “resolve issues arisen from the Cease Trade Order and/or the TSX Delisting Review, or take steps to the satisfaction of the Hong Kong Stock Exchange that the Company will be eligible for a primary listing on the Hong Kong Stock Exchange”.Save for the above clarification, all other information and contents of the Announcement remain unchanged.CONTINUED SUSPENSION OF TRADINGAt the request of the Company, trading in the shares of the Company on the Hong Kong Stock Exchange has been suspended with effect from August 17, 2020 and will remain suspended until further notice.About SouthGobiSouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. SouthGobi produces and sells coal to customers in China.Website: www.southgobi.com CONTACT: Contact: Investor Relations Office: +852 2156 1438 (Hong Kong) +1 604 762 6783 (Canada) Email: info@southgobi.com

  • GlobeNewswire

    SouthGobi Announces Additional Resumption Guidance

    VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) announces that reference is made to the announcements of the Company dated September 3 and September 13, 2020 (the “Announcements”). Unless otherwise stated herein, capitalized terms used herein shall have the same meanings as that ascribed to them in the Announcements. RESUMPTION GUIDANCEWith reference to the announcement of the Company dated September 3, 2020, the Company has been notified by the Hong Kong Stock Exchange of the following Resumption Guidance: * publish all outstanding financial results and address any audit modifications; * inform the market of all material information for the Company’s shareholders and investors to appraise its position; and * announce quarterly updates on the Company’s developments under Rules 13.24A of the Listing Rules, including, amongst other relevant matters, its business operations, its resumption plan and the progress of implementation. If the Company fails to remedy the issues causing its trading suspension, fully comply with the Listing Rules to the Hong Kong Stock Exchange’s satisfaction and resume trading in its shares on the Hong Kong Stock Exchange by February 16, 2022, the Listing Division will recommend the Listing Committee to proceed with the cancellation of the Company’s listing. Under Rules 6.01 and 6.10 of the Listing Rules, the Hong Kong Stock Exchange also has the right to impose a shorter specific remedial period, where appropriate.ADDITIONAL RESUMPTION GUIDANCEOn September 30, 2020, the Company was notified by the Hong Kong Stock Exchange of the following additional resumption guidance: * resolve issues arisen from the Cease Trade Order and/or the TSX Delisting Review. The Hong Kong Stock Exchange indicated that it may modify the Resumption Guidance and/or give further guidance if the situation changes.The Company will also make further announcement(s) in relation to the above matters, as and when appropriate.CONTINUED SUSPENSION OF TRADINGAt the request of the Company, trading in the shares of the Company on the Hong Kong Stock Exchange has been suspended with effect from August 17, 2020 and will remain suspended until further notice.About SouthGobiSouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. SouthGobi produces and sells coal to customers in China.Website: www.southgobi.com  CONTACT: Contact: Investor Relations    Office: +852 2156 1438 (Hong Kong) +1 604 762 6783 (Canada) Email: info@southgobi.com

  • GlobeNewswire

    SouthGobi Announces Update on Payment Obligation Under June 2020 Deferral Agreement and Business Update

    VANCOUVER, British Columbia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the “Company”) announces that reference is made to the announcement of the Company dated June 19, 2020 (the “Announcement”). Capitalized terms used herein, unless otherwise defined, shall have the same meaning as those defined in the Announcement. UPDATE ON PAYMENT OBLIGATION UNDER JUNE 2020 DEFERRAL AGREEMENTAs of the date of this announcement, the Company has not repaid the 2020 June Deferral Amount and related deferral fees totaling approximately US$75.2 million which became due and payable to Land Breeze II S.à.r.l. (“Land Breeze”), a wholly-owned subsidiary of a major shareholder of the Company, on September 14, 2020 under the 2020 June Deferral Agreement. Consequently, the Company is in default under the 2020 June Deferral Agreement and the related convertible debenture between the Company and Land Breeze. The Company is in discussions with Land Breeze for a deferral of the June 2020 Deferral Amount and related deferral fees. There can be no assurance, however, that a deferral agreement will be reached either at all or on favourable terms. The Company will make further announcement(s) with respect to these discussions as and when appropriate.BUSINESS UPDATEThe Company has resumed the mining operation since August 2, 2020 and produced approximately 0.2 million tonne of coal in August 2020. The Company’s sales volume in August 2020 was approximately 0.3 million tonne.Forward-Looking Statements Certain information included in this press release that is not current or historical factual information constitutes forward-looking statements or information within the meaning of applicable securities laws (collectively, “forward-looking statements”), including information about discussions with Land Breeze regarding a deferral of the June 2020 Deferral Amount and related deferral fees. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, "could", "should", "seek", "likely", "estimate" and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on certain factors and assumptions including, among other things, the Company’s ability to successfully negotiate a deferral of the unpaid June 2020 Deferral Amounts and related deferral fees and other similar factors that may cause actual results to differ materially from what the Company currently expects. Actual results may vary from the forward-looking statements. Readers are cautioned not to place undue importance on forward-looking statements, which speaks only as of the date of this disclosure, and not to rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking statements, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company’s filings with Canadian securities regulatory authorities and the website of the Hong Kong regulatory filings and disclosures of listed issuer information. These can be found under the Company’s profile on SEDAR and HKEXnews respectively, at www.sedar.com and www.hkexnews.hk. About SouthGobi SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia.  SouthGobi produces and sells coal to customers in China.Contact:Investor RelationsOffice: +852 2156 1438 (Hong Kong)    +1 604 762 6783 (Canada)  Email:  info@southgobi.com  Website: www.southgobi.com