SOUTHGOBI RESOURCES

SGQ
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SOUTHGOBI RESOURCES : ANNOUNCEMENTS AND NOTICES, THE 2020 NOVEMBER DEFERRAL AGREEMENT

11/23/2020 | 10:29am

This announcement is made by SouthGobi Resources Ltd. (the 'Company') pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the press releases of the Company dated June 19 and September 14, 2020 (the 'Announcements'). Capitalized terms used herein, unless otherwise defined, shall

The Company announces that on November 19, 2020, the Company entered into a deferral agreement (the '2020 November Deferral Agreement') with Land Breeze II S.a.r.l. ('Land Breeze') and Fullbloom Investment Corporation ('Fullbloom'), each being a wholly-owned subsidiary of a major shareholder of the Company (the 'Major Shareholder').

Pursuant to Section 501 of the Toronto Stock Exchange ('TSX') Company Manual, the Company will be seeking approval of the 2020 November Deferral Agreement from disinterested shareholders at a meeting of shareholders (the 'Meeting') to be held at a future date to be set by the board of directors of the Company (the 'Board').

Contact:

Tel: +976-7007-0710

Fax: +976-7007-0720

(C) 2020 Electronic News Publishing, source ENP Newswire

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