Southgobi Announces Update ON Upcoming Annual General Meeting of Shareholders
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May 17, 2024
SOUTHGOBI ANNOUNCES UPDATE ON UPCOMING
ANNUAL GENERAL MEETING OF SHAREHOLDERS
VANCOUVER – SouthGobi Resources Ltd. (TSX-V: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) announces an update on its upcoming annual general meeting of shareholders
which is scheduled to be convened on June 27, 2024, in Vancouver, British Columbia, Canada
(i.e. Friday, June 28, 2024, in Hong Kong) (the “Annual General Meeting”). A notice of the
Annual General Meeting which contains, amongst other things, the time, venue and the
detailed agenda of the Annual General Meeting, along with a management proxy circular
concerning certain matters to be considered at the Annual General Meeting, will be dispatched
to Shareholders on May 28, 2024 (Tuesday).
Reference is made to the announcements of the Company dated November 11, 2022, August
30, 2023, October 13, 2023, November 17, 2023, January 19, 2024, March 19, 2024, April 22,
2024, April 30, 2024 and May 13, 2024 (collectively, the “ Announcements”). Unless
otherwise specified, terms used in this announcement shall have the meani ng as defined in
the Announcements.
Since more time is required to finalise the management proxy circular relating to, among
others, the March 2024 Deferral Agreement and April 2024 Deferral Agreement, the Company
will no longer be seeking Independent Sha reholders approval for the March 2024 Deferral
Agreement and April 2024 Deferral Agreement at the upcoming Annual General Meeting as
previously announced. Instead, the Company will be seeking approval of the March 2024
Deferral Agreement and April 2024 Def erral Agreement, together with the Convertible
Debenture Amendment, from Independent Shareholders at a special meeting of shareholders
(the “Special Meeting”) to be held on or before August 30, 2024. The Company will propose
resolutions for the Independent Shareholders to consider and, if thought fit, approve each of
the March 2024 Deferral Agreement, the April 2024 Deferral Agreement and the Convertible
Debenture Amendment and the transaction contemplated thereunder.
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The management proxy circular containing, among other things, (i) details of the March 2024,
Deferral Agreement, the April 2024 Deferral Agreement and the Convertible Debenture
Amendment; (ii) a letter from the Independent Board Committee to the Independent
Shareholders; (iii) the recommendati ons from the Independent Financial Adviser to the
Independent Board Committee and the Independent Shareholders; and (iv) the notice of the
Special Meeting, will be published on the websites of the Company’s profile on SEDAR+
(www.sedarplus.ca), the Hong Kong Stock Exchange (www.hkexnews.hk) and the Company
(www.southgobi.com), and despatched to shareholders of the Company in accordance with
applicable securities laws on or before August 30, 2024.
If there is any inconsistency or discrepancy between the English and Chinese version, the
English version shall prevail.
About SouthGobi
SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns
and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences
of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia.
SouthGobi produces and sells coal to customers in China.
Contact:
Investor Relations
Email: [email protected]
Mr. Ruibin Xu
Chief Executive Officer
Office: +1 604 762 6783 (Canada)
+852 2156 1438 (Hong Kong)
Website: www.southgobi.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.