Industrial Metals

SouthGobi Resources Ltd.(TSX:SGQ) announced that Ivanhoe Mines and Chalco have agreed to a thirty day extension. The thirty day extension applies to the proportional takeover bid for SouthGobi Resources.

SouthGobi Resources Ltd.(TSX:SGQ) announced that Ivanhoe Mines and Chalco have agreed to a thirty day extension. The thirty day extension applies to the proportional takeover bid for SouthGobi Resources.

As quoted in the press release:

Ivanhoe Mines and Chalco have agreed to extend by thirty days the time for Chalco to make a proportional takeover bid for up to 60%, but not less than 56% of the common shares of SouthGobi.

Click here to read the SouthGobi Resources Ltd. (TSX:SGQ) press release

See this press release on Marketwire
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