SouthGobi Resources (TSE:SGQ) has released an update.
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.
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