Key Developments: SouthGobi Resources Ltd (SGQRF.PK)

SGQRF.PK on OTC Markets Group - US Other OTC and Grey Market

0.54USD
3 Sep 2014
Price Change (% chg)

$-0.02 (-2.79%)
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$0.56
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Volume
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Latest Key Developments (Source: Significant Developments)

SouthGobi Resources Ltd enters into agreement with National United Resources to sell shares representing 29.95 pct. of SouthGobi Resources' total shareholding
Wednesday, 30 Jul 2014 12:31am EDT 

SouthGobi Resources Ltd:Says that Turquoise Hill Resources Ltd has entered into a share purchase agreement to sell a 29.95 pct. stake in the company to National United Resources Holdings Limited, a Hong Kong based public company listed on the main board of the Stock Exchange of Hong Kong Limited.Says under the terms of the agreement, which was effected in accordance with and in reliance upon the "private agreement" exemption under the Canadian takeover bid regime.Says Turquoise Hill has agreed to sell 56,102,000 common shares that it owns in the capital of the company to NUR at a price of C$0.455 per common share, following which Turquoise Hill would continue to hold 48,705,155 shares of the company, representing about a 26.00 pct. stake in the company.Says SouthGobi notes that under the proposed transaction, about C$12.8 million in cash will be received by Turquoise Hill at closing and deferred consideration of about C$12.8 million will be payable to Turquoise Hill one year after the closing of the transaction.  Full Article

SouthGobi Resources Ltd announces $10 mln shareholder loan facility with Turquoise Hill Resources
Sunday, 25 May 2014 08:01pm EDT 

SouthGobi Resources Ltd:Says its majority shareholder, Turquoise Hill Resources Ltd, will support the company by providing a $10 mln revolving credit facility to the company to meet short term working capital requirements.Maturity date of Aug. 30.Advances made under the facility will be used by the company to fund operations and meet its ongoing obligations and future contractual commitments.  Full Article

SouthGobi Resources Ltd does not recommend dividend
Monday, 24 Mar 2014 07:49am EDT 

SouthGobi Resources Ltd:No dividends have been paid or declared by company since inception.  Full Article

SouthGobi Resources Ltd comments on Q1 2014 revenue outlook
Thursday, 16 Jan 2014 06:08am EST 

SouthGobi Resources Ltd:Says it expects sales volume in the Q1 2014 to decrease as compared to the Q4 2013.  Full Article

SouthGobi Resources Ltd announces restated financial and operating results for 2011 and 2012 and filing of audited restated financial statements
Thursday, 12 Dec 2013 06:02am EST 

SouthGobi Resources Ltd:Refers to the announcement made on Nov. 11 and Nov. 14, in relation to the decision by the company‚Äôs board of directors to approve the restatement of its consolidated financial statements for FY 2011 and FY 2012.Says on Dec. 12 it announced its restated financial and operating results for the years ended Dec. 31, 2011 and 2012.  Full Article

SouthGobi Resources Ltd Updates On FY 2013 Production Guidance
Thursday, 14 Nov 2013 07:29am EST 

SouthGobi Resources Ltd announced that it expects total coal sales in excess of 1.50 million tonnes in the fourth quarter of 2013 subject to customer performance under the current coal supply agreements. As a result, the Company expects fiscal 2013 annual raw coal production of approximately 3.0 million tonnes.  Full Article

SouthGobi Resources Ltd Announces Delay in Filing 3rd Quarter 2013 Financial Statements
Friday, 8 Nov 2013 07:41am EST 

SouthGobi Resources Ltd announced that it anticipates a delay in the filing of its interim statements (the Interim Statements) for the three and nine month periods ended September 30, 2013 and the related Management's Discussion and Analysis (MD&A) and certifications by the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) (collectively, the Required Filings).  Full Article

SouthGobi Resources Ltd Does Not Recommend Dividend
Tuesday, 20 Aug 2013 07:03pm EDT 

SouthGobi Resources Ltd announced that no dividends have been paid or declared by the Company since inception.  Full Article

SouthGobi Resources Ltd Reaffirms FY 2013 Production Guidance
Monday, 13 May 2013 08:00am EDT 

SouthGobi Resources Ltd announced that for fiscal 2013, it expects production to be 3.2 million tonnes of semi-soft coking coal.  Full Article

SouthGobi Resources Ltd Appoints Bertrand Troiano As Chief Financial Officer
Thursday, 28 Mar 2013 05:15am EDT 

SouthGobi Resources Ltd announced the appointment of Bertrand Troiano as Chief Financial Officer. Mr. Troiano's appointment is effective April 8, 2013.  Full Article

Turquoise Hill says considering selling SouthGobi stake

May 13 - Mining company Turquoise Hill Resources Ltd is considering selling its stake in Mongolian coal miner SouthGobi Resources Ltd, the chief executive of Turquoise Hill said on Tuesday.

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