03:41 PM EST - SouthGobi Resources Ltd. :
Announced the September 18, 2017 decision of the Ontario Court of Appeal, which dismissed the Company's appeal of the original Ontario lower court decision to permit the plaintiff to commence and proceed with a class action against the Company claiming damages under the Ontario Securities Act in connection with the Company's restatement of certain financial statements previously disclosed in the Company's public filings. Concurrently, the Ontario Court of Appeal allowed the plaintiff's appeal of the original Ontario lower court decision to dismiss the plaintiff's leave motion against certain of the Company's former officers and directors and made an order granting leave for the plaintiff to proceed against such former officers and directors of the Company in relation to the Restatement. As a result, the plaintiff is now permitted to proceed with the Class Action against both the Company and the former officers and directors of the Company. SouthGobi Resources Ltd.
shares T.SGQ are trading unchanged at $0.22.
