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Last C$0.80 CAD
Change Today +0.20 / 33.33%
Volume 5.2K
As of 10:22 AM 06/30/15 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

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southgobi resources ltd (SGQ) Key Developments

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

Further to TSX Bulletin 2015-0540 dated May 25, 2015, TSX has decided to extend its review of the eligibility of the common shares of the SouthGobi Resources Limited for continued listing for a period of 30 days.

SouthGobi Resources Limited Announces Change of Principal Place of Business in Hong Kong

The board of directors of SouthGobi Resources Ltd. announced that the principal place of business of the company in Hong Kong will be changed to Suite 3712-15, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong with effect from June 15, 2015.

SouthGobi Resources Announces Extension Of TSX Delisting Review

SouthGobi Resources Ltd. announced the extension of the delisting review following confirmation that the Continued Listing Committee of the Toronto Stock Exchange (TSX) has determined to defer its delisting decision until no later than June 24, 2015. On February 25, 2015, the Company was placed on a remedial delisting review in connection with its reliance on the financial hardship exemption which allowed the Company to complete the private placement with Novel Sunrise Investments Limited (Novel Sunrise) without seeking shareholder approval. On May 12, 2015 the Company requested an extension of the delisting review following delays in the closing of the share purchase agreement between Novel Sunrise and Turquoise Hill Resources Ltd. and the associated delays in the implementation of the Company's proposed funding plan. On May 22, 2015, the Company received confirmation that the Committee of the TSX had extended the review and would meet on June 22, 2015 to consider whether the Company has met the listing requirements of the TSX. The Committee is expected to issue its decision on a potential delisting of the Company's Common Shares on the TSX no later than June 24, 2015. The Company believes the above extension will provide it with sufficient time to continue with the implementation of the Company's Proposed Funding Plan and allow it to demonstrate that it will be compliant with the continued listing requirements of the TSX. However, no assurance can be provided as to the implementation of the Proposed Funding Plan nor the outcome of the remedial delisting review.


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