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SouthGobi Resources ( (TSE:SGQ) ) just unveiled an announcement.
SouthGobi Resources Ltd. has announced a new deferral agreement with JD Zhixing Fund L.P., its largest shareholder, to defer payment obligations under a US$250 million Convertible Debenture. This agreement, effective upon regulatory and shareholder approval, extends the deferral of various interest and management fees until August 31, 2026, with deferral fees applied. This move is significant for SouthGobi’s financial management, allowing it to manage cash flow and obligations more effectively, potentially impacting its operational stability and stakeholder relations.
More about SouthGobi Resources
SouthGobi Resources Ltd. operates in the mining industry, focusing on coal production and investment, primarily in Mongolia. The company is listed on the TSX Venture Exchange and the Hong Kong Stock Exchange.
YTD Price Performance: -3.51%
Average Trading Volume: 9,006
Technical Sentiment Signal: Hold
Current Market Cap: C$163.2M
See more data about SGQ stock on TipRanks’ Stock Analysis page.