SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s): SGQRF

Energy

SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in close proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.

TSXV:SGQ - Post by User

SouthGobi Resources Ltd

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Post by pull1on Oct 22, 2013 5:06pm

333 Views

Post# 21838973

Why SGQ does not disclose this to shareholders

Could anyone please tell me if Southgobi and Trq were obligated to disclose this piece of information. Southgobi Resources share price closed at $1.14 on tsx today. Why Southgobi and Trq did not disclose the purchase of 1,846,630 shares of SGQ at the price of $2.16 as reported on www.canadianinsider.com. As a shareholder of SGQ and TRQ, do we not have the right to be notified of such an important piece of information? Why CIC is buying such a big number of shares while fearful small investors are selling out of fear caused by the GOM? Any idea.

Oct 16/13

Sep 20/13

China Investment Corporation

Indirect Ownership

Common Shares

11 - Acquisition carried out privately

1,846,630

$2.

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