Industrial Metals

SouthGobi Resources Ltd. (TSE:SGQ) reports that it has completed the private placement with Aspire Mining Limited (ASX:AKM) announced on October 26, 2010.

SouthGobi Resources Ltd. (TSX:SGQ) reports that it has completed the private placement with Aspire Mining Limited (ASX:AKM) announced on October 26, 2010.

The press release is quoted as saying:

After giving effect to the transaction, SouthGobi holds approximately 19.9% of Aspire. SouthGobi will have the right to nominate one director to the Board of Aspire and the right to maintain its proportionate shareholding in Aspire for a period of two years.

Click here to access the entire press release.

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