SouthGobi Resources Notified Ivanhoe Mines and Aluminum Corporation of China Limited (Chalco) Agree to Extend Time for Proportional Takeover Bid for SouthGobi Resources
(firmenpresse) - HONG KONG, CHINA -- (Marketwire) -- 07/03/12 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) ("SouthGobi") was notified today that Ivanhoe Mines and Chalco have agreed to extend by thirty days the time for Chalco to make a proportional takeover bid for up to 60%, but not less than 56% of the common shares of SouthGobi. The press release issued by Ivanhoe Mines and Chalco regarding the extension is available on .
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia's South Gobi Region. The company's flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, plans to supply a wide range of coal products to markets in Asia; and other statements that are not historical facts. When used in this document, the words such as "plan," "estimate," "expect," "intend," "may," "likely" and similar expressions are forward-looking statements. Although SouthGobi believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" in SouthGobi's Management Discussion and Analysis of Financial Condition and Results of Operations for the year ended Dec. 31, 2011 which is available at .
Contacts:
SouthGobi Resources Limited
Dave Bartel, Vice President Investor Relations and
External Affairs (Hong Kong)
+852 2156 7023
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.07.2012 - 13:08 Uhr
Sprache: Deutsch
News-ID 162108
Anzahl Zeichen: 0
contact information:
Town:
HONG KONG, CHINA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 208 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SouthGobi Resources Notified Ivanhoe Mines and Aluminum Corporation of China Limited (Chalco) Agree to Extend Time for Proportional Takeover Bid for SouthGobi Resources"
steht unter der journalistisch-redaktionellen Verantwortung von
SouthGobi Resources Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
