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HONG KONG, CHINA--(Marketwired - May 30, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") announces the execution of a deferral agreement with China Investment Corporation ("CIC") for deferral of the sum of approximately U.S.$18.7 million, representing current and deferred cash interest obligations and associated costs payable to CIC, to June 17, 2016. As consideration for the deferral, the Company agrees to pay CIC a deferral fee at a rate of 6.4% per annum on the deferred payments. |
