09:53 AM EST - SouthGobi Resources Ltd. : announced select second-quarter 2014 operating results. All figures are in U.S. Dollars. The changes in the Company's cash position in periods noted above are inclusive of cash interest paid on the China Investment Corporation convertible debenture in the amount of $7.9 million in the second quarter of 2014, $8.1 million in the fourth quarter of 2013, and nil in the second quarter of 2013. The next cash interest payment on the CIC convertible debenture of approximately $8 million is due on November 19, 2014. On May 25, 2014, the Company announced it obtained a $10 million revolving credit facility from Turquoise Hill Resources Ltd. to meet its short term working capital requirements with a maturity date of August 30, 2014. As at July 10, 2014, the Company had cash of $7.3 million and the amount drawn down under the Turquoise Hill loan facility remained at $3.8 million.
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