SouthGobi Resources Ltd. (TSE:SGQ, HONG KONG:1878) is a coal production and exploration company based in Vancouver, Canada. The company is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia's SouthGobi Region in order to supply a wide range of coal products to markets in Asia.
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.
SouthGobi Energy Resources Ltd,Canada-listed coal miner, is reported to raise up to HK$3.6 billion (US$465 million) from a Hong Kong initial public offering.
SouthGobi Energy Resources Ltd. has entered into an agreement with a German institutional investor for a placement of 10 million common shares at $8.00 per share. For full story, click here
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