| Home : February 2015 : February 25, 2015 News : SouthGobi Resources Announces Private Placement for Proceeds of Up to US$7.5 Million With Novel Sunrise Investments Limited as a Proposed New Significant Investor and Strategic Partner |
SouthGobi Resources Announces Private Placement for Proceeds of Up to US$7.5 Million With Novel Sunrise Investments Limited as a Proposed New Significant Investor and Strategic Partner |
February 25, 2015
HONG KONG, CHINA--(Marketwired - Feb. 24, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") announces it has entered into a private placement agreement with Novel Sunrise Investments Limited ("Novel Sunrise") as a proposed new significant investor and strategic partner for proceeds of up to approximately US$7.5 million, with an initial tranche of approximately US$3.5 million.
http://www.marketwired.com/mw/release.do?id=1994384&sourceType=3
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