11:42 AM EST - SouthGobi Resources Ltd. : Has agreed to a deferral of the payment obligations which are due and payable to CIC in June. Reference is made to the announcement of the Company dated February 19. Capitalized terms used herein, unless otherwise defined, shall have the same meaning as those defined in the Announcement. On June 19, the Company and CIC have entered into an agreement pursuant to which CIC agreed to grant the Company a deferral of cash interest and deferral fees of approximately $74 million U.S. which is due and payable to CIC in June 2020 under the deferral agreements between CIC and the Company signed in April 2019 and during the period between February to May. The effectiveness of the 2020 June Deferral Agreement is subject to the Company obtaining the requisite acceptance thereof from the Toronto Stock Exchange. SouthGobi Resources Ltd.
shares T.SGQ are trading unchanged at $0.09.
