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Last C$0.58 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SGQ On Other Exchanges
Hong Kong
As of 3:59 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

southgobi resources ltd (SGQ) Snapshot

Previous Close
Day High
Day Low
52 Week High
05/11/15 - C$1.25
52 Week Low
02/3/15 - C$0.41
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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southgobi resources ltd (SGQ) Details

SouthGobi Resources Ltd. operates as an integrated coal mining, development, and exploration company. It explores for metallurgical and thermal coal deposits in Mongolia's South Gobi region to supply a range of coal products to customers in Asia. The company’s flagship project is the Ovoot Tolgoi mine that contains approximately 175.7 million tons of proven and probable surface coal reserves located in the southwest corner of the Umnugobi Aimag of Mongolia. It also owns interest in three development projects, such as the Soumber Deposit, the Zag Suuj Deposit, and the Ovoot Tolgoi Underground Deposit located in the Umnugobi Aimag of Mongolia. The company was formerly known as SouthGobi Energy Resources Ltd. and changed its name to SouthGobi Resources Ltd. in May 2010. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.

348 Employees
Last Reported Date: 05/11/15
Founded in 2002

southgobi resources ltd (SGQ) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $191.8K
Compensation as of Fiscal Year 2014.

southgobi resources ltd (SGQ) Key Developments

SouthGobi Resources Ltd. Receives 30 Day Extension From Toronto Stock Exchange

SouthGobi Resources Ltd. announced confirmation of a further 30 day extension to the Toronto Stock Exchange delisting review. As announced by the company on July 23, 2015, a meeting of the Continued Listing Committee of TSX was scheduled to be held on July 27, 2015 and their decision was expected no later than July 29, 2015. As announced by the company on July 28, 2015, the company requested approval from the TSX for a 30 day extension of the delisting review hearing. Subsequently, the company has received confirmation from the Continued Listing Committee of the TSX that it will defer its scheduled meeting to consider whether the company has met the listing requirements of the TSX until August 25, 2015. The Committee has determined to defer its delisting decision until no later than August 28, 2015. The company believes the extension will provide sufficient time for the implementation of the next stage of the funding plan, which will allow it to meet its short term financing needs, and that it will be compliant with the continued listing requirements of the TSX; however, no assurance can be provided that the Funding Plan will be successfully implemented or to the outcome of the remedial delisting review when it occurs and the company's common shares may become subject to delisting from the TSX. If, at any time, TSX becomes aware of additional negative developments such that the continued trading or listing of the company's securities is contrary to the public interest, an expedited review will be initiated.

SouthGobi Resources Ltd. Announces Executive Changes

SouthGobi Resources Ltd. announced a change in executive director. On July 26, 2015, the company's board of directors appointed Mr. Yulan Guo, a director of both Novel and the company, as Executive Director and Interim CEO of the company, replacing Mr. Ted Chan, effective immediately. Mr. Chan is now a Non-Executive Director of the company. Mr. Ningqiao Li, also a director of Novel, continues to serve as a director of the company.

TSX To Extend Its Review Of The Eligibility Of The Common Shares Of SouthGobi Resources

Further to TSX Bulletin 2015-0656 dated June 23, 2015, TSX has decided to extend its review of the eligibility of the common shares of SouthGobi Resources Ltd. for continued listing for a period of 7 days.


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