Update ON Listing Application IN Canada
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December 30, 2022
UPDATE ON LISTING APPLICATION IN CANADA
VANCOUVER – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) announces that reference is made to the Company’s announcements dated April
21, 2022, July 29, 2022, September 15, 2022 and November 23, 2022 (Hong Kong time)
(“Announcements”). Unless otherwise specified, capitalized terms used in the
Announcements shall have the same meanings when used herein.
UPDATE ON THE EFFECTIVE DATE OF THE DELISTING
As disclosed in the Announcements, the Company’s NEX Listing Application is subject to
review and approval from the NEX. The Company wishes to update its Shareholders and
investors that as the Delisting shall be subject to obtaining approvals from the TSX and NEX
in connection with NEX Listing Application, the anticipated Effective Date is thus postponed to
the end of January 2023 instead of the end of December 2022.
The Company will provide further updates once further information is available. The
Company’s common shares will remain listed on the TSX while the NEX Listing Application is
under review by the NEX.
There may exist certain uncertainties as to whether and when the Delisting will proceed.
Shareholders who have any queries about the implications of the Delisting are advised
to obtain appropriate professional advice. Shareholders and potential investors are
advised to exercise caution when dealing in the securities of the Company.
The Company will closely monitor the development of the afor esaid matters and keep the
Shareholders and potential investors informed of any material development in connection with
the above matters by way of periodic announcements and/or further announcement(s) as and
when appropriate.
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If there is any inconsistenc y or discrepancy between the English version and the Chinese
version, the English version shall prevail.
About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, 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
Office: +852 2156 1438 (Hong Kong)
+1 604 762 6783 (Canada)
Email: [email protected]
Website: www.southgobi.com
Forward-Looking Statements
Certain information included in this press release that is not current or historical factual
information constitutes forward -looking statements or information within the meaning of
applicable securities laws (collectively, “forward -looking statements”), in cluding information
about the anticipated Effective Date of the listing of the Company’s common shares on the
NEX. Forward -looking statements are frequently characterized by words such as “plan”,
“expect”, “project”, “intend”, “believe”, “anticipate”, "could", "should", "seek", "likely", "estimate"
and other similar words or statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on certain factors and assumptions including, among
other things, the ability of the Company to satisfy the NEX’s listing requirements and the NEX
approving the Company’s NEX Listing Application and other similar factors that may cause
actual results to differ materially from what the Company currently expects. Actual results may
vary from the forward -looking statements. Readers are cautioned not to place undue
importance on forward-looking statements, which speaks only as of the date of this disclosure,
and not to rely upon this information as of any other date. While the Company may elect to, it
is under no obligation and does not undertake to, update or revise any forward -looking
statements, whether as a result of new information, further events or otherwise at any
particular time, except as required by law. Additional information concerning factors that may
cause actual results to materially differ from those in such forward -looking statements is
contained in the Company’s filings with Canadian securities regulatory authorities and can be
found under the Company’s profile on SEDAR at www.sedar.com.