|By Marketwired .||
|January 7, 2014 07:23 PM EST||
HONG KONG, CHINA -- (Marketwired) -- 01/07/14 -- SouthGobi Resources Ltd. (TSX: SGQ) (HKSE: 1878) (the "Company") understands that on or around January 6, 2014, Canadian law firm Siskinds LLP filed a proposed securities class action against the Company, certain of its current and former senior officers and directors, and its former auditors in the Ontario Superior Court of Justice in relation to the Company's restatement of financial statements, as disclosed on November 8, 2013, November 11, 2013, November 14, 2013 and December 12, 2013 ("the Proposed Claim"). The Company has not been formally served with a copy of the Proposed Claim.
The Company has engaged independent legal counsel in Canada to advise it on this matter and intends to vigorously defend the lawsuit if and when it is served with the Proposed Claim.
SouthGobi is listed on the Toronto and Hong Kong stock exchanges, in which Turquoise Hill Resources Ltd. ("Turquoise Hill"), also publicly listed in Toronto and New York, has a 56% shareholding. Turquoise Hill took management control of SouthGobi in September 2012 and made changes to the board and senior management. Rio Tinto has a majority shareholding in Turquoise Hill.
SouthGobi is focused on exploration and development of its metallurgical and thermal coal deposits in Mongolia's South Gobi Region. It has a 100% shareholding in SouthGobi Sands LLC, Mongolian registered company that holds the mining and exploration licences in Mongolia and operates the flagship Ovoot Tolgoi coal mine. Ovoot Tolgoi produces and sells coal to customers in China.
Jul. 1, 2015 09:45 AM EDT Reads: 1,899
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
Jul. 1, 2015 09:32 AM EDT Reads: 129
Jul. 1, 2015 09:30 AM EDT Reads: 706
Jul. 1, 2015 09:15 AM EDT Reads: 2,097
Jul. 1, 2015 09:00 AM EDT Reads: 751
Jul. 1, 2015 08:00 AM EDT Reads: 758
Jun. 30, 2015 05:00 PM EDT Reads: 2,105
Jun. 30, 2015 03:59 PM EDT Reads: 627
Jun. 30, 2015 02:15 PM EDT Reads: 2,194
Jun. 30, 2015 01:45 PM EDT Reads: 2,031
Jun. 30, 2015 01:30 PM EDT Reads: 2,127
Jun. 30, 2015 12:30 PM EDT Reads: 1,858
Jun. 30, 2015 10:30 AM EDT Reads: 1,927
Jun. 30, 2015 10:20 AM EDT Reads: 584
Jun. 30, 2015 10:15 AM EDT Reads: 876