SouthGobi Resources (TSE:SGQ) has released an update.
SouthGobi Resources Ltd. has announced a deferral of payment obligations relating to its US$250 million Convertible Debenture with JD Zhixing Fund L.P. The company, which operates in the mining sector and is listed on both the Toronto and Hong Kong stock exchanges, has been communicating its deferral agreements through various announcements and circulars. This latest agreement underscores SouthGobi’s ongoing negotiations to manage its debt.
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