SouthGobi to Raise Money for US$31.6 Million by Increasing Capital

摘要

SouthGobi Resources Ltd., Canada will raise the funds for a total of US$31.6 million by issuing 55 million newcommon shares.The companies which will buy new shares in SouthGobi Resources are CITIC Merchant Co., Ltd. and Swiss LifeGP, and the former will buy 50 million shares (Purchase amount: US$28.7 million) and the latter 5 million shares (US$2.9million) respectively.