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BRIEF-SouthGobi Announces Deferral Of CIC Payment Obligations

Published 2020-05-08, 08:38 a/m
© Reuters.

May 8 (Reuters) - SouthGobi Resources Ltd SGQ.TO :

* SOUTHGOBI ANNOUNCES DEFERRAL OF CIC PAYMENT OBLIGATIONS

* SOUTHGOBI RESOURCES - AGREED TO DEFERRAL OF PAYMENT OBLIGATIONS WHICH ARE DUE AND PAYABLE TO CIC ON MAY 15 AND MAY 19

* SOUTHGOBI RESOURCES LTD - PAYMENT OF 2020 MAY DEFERRAL AGREEMENT AMOUNT WILL BE DEFERRED UNTIL JUNE 20, 2020

* SOUTHGOBI RESOURCES LTD - 2020 Q1 MANAGEMENT FEE WILL BE DEFERRED UNTIL THEY ARE REPAID BY COMPANY

* SOUTHGOBI RESOURCES LTD - AGREED TO PAY CIC A DEFERRAL FEE EQUAL TO 6.4% PER ANNUM ON 2020 MAY DEFERRAL AMOUNTS

* SOUTHGOBI RESOURCES LTD - AGREED TO PAY CIC A DEFERRAL FEE EQUAL TO 2.5% PER ANNUM ON 2020 Q1 MANAGEMENT FEE

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