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PRESS RELEASE
SouthGobi Announces Discloseable and Connected Transaction Deferral of Payment Obligations Under Convertible Debenture
SouthGobi Resources Ltd. announces deferral of payment obligation under Convertible Debenture with JD Zhixing Fund L.P. citing financial flexibility and strategic debt restructuring plan in the latest agreement -
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PRESS RELEASE
Update on PIK Interest Payment Obligation Under November 2022 Deferral Agreement
SouthGobi Resources Ltd. has announced that JD Zhixing Fund L.P. has agreed to extend the date for the Waived PIK Interest Default from January 19, 2024 to April 30, 2024. The other terms of the waiver described in the November 17 Announcement remain in effect and unamended. SouthGobi is listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, and it owns and operates the Ovoot Tolgoi coal mine in Mongolia. The company produces and sells coal to customers in China. -
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