SouthGobi hit badly by coal prices slump, seeks funding to avert default

[caption id="attachment_775654" align="aligncenter" width="600"] Sunset at Ovoot Tolgoi mine.[/caption] Mongolia-focused coal producer SouthGobi Resources (TSX: SGQ) said Monday is seeking additional financing to avoid defaulting on a $250 million convertible debenture due to the ongoing coal prices slump. Delivering its...

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