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HONG KONG, CHINA--(Marketwired - Dec. 29, 2016) - Reference is made to the SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company") announcement relating to the interest obligations with CIC dated December 20, 2016. The Company today announces the execution of a new deferral agreement ("December 2016 Deferral Agreement") with China Investment Corporation ("CIC") for a revised repayment schedule of US$20.7 million of cash interest and associated costs originally due on December 19, 2016 ("December 2016 Deferral Amounts"). The key terms of the December 2016 Deferral Agreement include the below: |
