ACCESS Newswire
24 May 2023, 17:26 GMT+10
VANCOUVER, BC / ACCESSWIRE / May 24, 2023 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ('SouthGobi' or the 'Company') announces that reference is made to (i) the announcement of the Company dated March 26, 2023 ('March 26 Announcement') in relation to the March 2023 Deferral Agreement; and (ii) the announcement of the Company dated April 26, 2023 ('April 26 Announcement', together with March 26 Announcement, the 'Announcements') in relation to the date of the Annual and Special Meeting and the Record Date. Capitalized terms used in this announcement shall have the same meaning as those defined in the Announcements unless otherwise defined.
BACKGROUND
As disclosed in the April 26 Announcement, the Annual and Special Meeting was originally scheduled to convene on Tuesday, June 20, 2023, Vancouver time (i.e., Wednesday, June 21, 2023, Hong Kong time) in Vancouver, British Columbia, Canada, with a Record Date of Thursday, May 11, 2023, Vancouver and Hong Kong time.
POSTPONEMENT OF SPECIAL MEETING
Due to the additional time required to prepare for and finalize the management proxy circular setting out the details of the March 2023 Deferral Agreement (the 'Special Meeting Circular'), the Company expects a delay in despatch of the Special Meeting Circular. As a result, (i) the date of the special meeting of the Shareholders to approve the March 2023 Deferral Agreement (the 'Special Meeting'); and (ii) the record date for the determination of the Shareholders who are entitled to receive the notice of, and to attend and vote at, the Special Meeting will be postponed to dates to be fixed and announced by the Board at a later date.
Notwithstanding the foregoing, the annual general meeting of the Company (the 'Annual Meeting') will continue to convene on Tuesday, June 20, 2023, Vancouver time (i.e., Wednesday, June 21, 2023, Hong Kong time) in Vancouver, British Columbia, Canada, and the record date for the determination of the Shareholders who are entitled to receive the notice of, and to attend and vote at, the Annual Meeting remains the originally announced record date, being Thursday, May 11, 2023, Vancouver and Hong Kong time.
A notice of the Annual Meeting which contains, amongst other things, the detailed agenda of the Annual Meeting, along with a management proxy circular concerning matters to be considered at the Annual Meeting, will be dispatched to the Shareholders on May 30, 2023.
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.
SOURCE: SouthGobi Resources Ltd.
Get a daily dose of BC Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.
More InformationWASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
(Photo credit: Paul Rutherford-Imagn Images) The Boston Red Sox are facing a light portion of their schedule and taking advantage...
New Delhi [India], July 8, 2025: Purani Dilli 6, the semi-finalist of the 2024 edition of the Delhi Premier League (DPL), have made...
(Photo credit: Gary A. Vasquez-Imagn Images) Nolan Schanuel drove in the winning run with a bases-loaded walk with one out in the...
(Photo credit: Denis Poroy-Imagn Images) Josh Naylor homered, Zac Gallen pitched six strong innings and the visiting Arizona Diamondbacks...
(Photo credit: Ed Szczepanski-Imagn Images) Matt Chapman had three hits and scored twice and the San Francisco Giants, scoring all...