SouthGobi Energy reports Pricing of Global Equity Offering
SouthGobi Energy Resources Ltd. (TSX:SGQ), repoted today that the previously announced global offering of 27,000,000 Common Shares in the capital of SouthGobi has been priced at C$17.00 (HK$126.04) per Common Share.
The press release is quoted as saying:
SouthGobi Energy 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.
Click here to access the entire press release
Click here to access SouthGobi Energy Corporate Site
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Thu, Jan 21, 2010
Post by Mike Rodger, Coal Reporter