Coal Investing News » SouthGobi Energy reports Pricing of Global Equity Offering

SouthGobi Energy reports Pricing of Global Equity Offering

January 21, 2010 @ 7:34 pm In Coal Company News

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 ^[1]

Click here to access SouthGobi Energy Corporate Site ^[2]

Article printed from Coal Investing News: http://coalinvestingnews.com

URL to article: http://coalinvestingnews.com/1024/southgobi-energy-reports-pricing-of-global-equity-offering/

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwirecanada.com/mw/rel_ca.jsp?id=1105079&k=coal

[2] Click here to access SouthGobi Energy Corporate Site: http://www.southgobi.com/