March 30 (Reuters) - SouthGobi Resources Ltd SGQ.TO :
* SOUTHGOBI RESOURCES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 UNAUDITED FINANCIAL AND OPERATING RESULTS AND POSTPONES FILING OF 2019 AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND ANNUAL FILINGS
* SOUTHGOBI RESOURCES LTD - COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN PREPARED ON A GOING CONCERN BASIS
* SOUTHGOBI RESOURCES LTD - CLOSURE OF BORDER RESULTED FROM COVID-19 WILL CONTINUE TO HAVE ADVERSE IMPACT ON CO'S SALES & CASH FLOWS IN Q1 & Q2 OF 2020
* SOUTHGOBI RESOURCES LTD - EXPECTS TO RECORD A NET LOSS BETWEEN $13 MILLION TO $18 MILLION FOR THREE MONTHS ENDING MARCH 31, 2020
* SOUTHGOBI RESOURCES LTD - CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN PREPARED ASSUMING THAT CO WILL CONTINUE OPERATING UNTIL AT LEAST DECEMBER 31
* SOUTHGOBI RESOURCES - ANTICIPATES THAT ITS EXISTING COAL INVENTORIES ARE SUFFICIENT TO SATISFY EXPECTED SALES DEMAND FOR PERIOD OF AT LEAST 2 MONTHS
* SOUTHGOBI RESOURCES LTD -
COMPANY HAD A DEFICIENCY IN ASSETS OF $49.2 MILLION AS AT DECEMBER 31, 2019
* SOUTHGOBI RESOURCES LTD - SUSPENDED COAL EXPORTS TO CHINA SINCE FEBRUARY 11, 2020 AS A RESULT OF BORDER CLOSURE
* SOUTHGOBI RESOURCES LTD -
AS AT MARCH 30, 2020, CO HAD $1.5 MILLION OF CASH