SouthGobi Resources (TSE:SGQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SouthGobi Resources Ltd. has amended the terms of its US$250 million Convertible Debenture with its largest shareholder, JD Zhixing Fund L.P., allowing for penalty-free partial or full prepayment. This strategic financial move, effective May 13, 2024, enables the company to manage its debt more flexibly by issuing a notice for prepayment in specified minimum amounts on a business day.
For further insights into TSE:SGQ stock, check out TipRanks’ Stock Analysis page.
