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BRIEF-Southgobi Says Coal Mining Activities Will Remain Suspended In May

Published 2020-04-28, 07:44 a/m
© Reuters.
SGQ
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April 28 (Reuters) - SouthGobi Resources Ltd SGQ.TO :

* SOUTHGOBI ANNOUNCES CORPORATE UPDATE

* SOUTHGOBI RESOURCES LTD - COAL MINING ACTIVITIES WILL REMAIN SUSPENDED IN MAY 2020

* SOUTHGOBI - ANTICIPATES THAT ITS EXISTING COAL INVENTORIES ARE SUFFICIENT TO SATISFY EXPECTED SALES DEMAND FOR A PERIOD OF AT LEAST TWO MONTHS

* SOUTHGOBI - ANTICIPATES ITS REVENUE, LIQUIDITY, PROFITABILITY TO BE ADVERSELY IMPACTED UNTIL COAL EXPORTS INTO CHINA ARE ALLOWED TO RESUME AT NORMAL LEVELS

* SOUTHGOBI - CONFIRMS THAT ITS MANAGEMENT, OTHER INSIDERS ARE SUBJECT TO COMPANY'S CORPORATE DISCLOSURE, CONFIDENTIALITY AND SECURITIES TRADING POLICY

* SOUTHGOBI RESOURCES LTD - EXPECTS TO FILE 2019 ANNUAL FILINGS ON MAY 14, 2020

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