VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2015) - Novel Sunrise Investments Limited ("Novel Sunrise"), the largest shareholder of SouthGobi Resources Ltd. ("SouthGobi"), announced that its nominees, Messrs. Yulan Guo, Ningqiao Li and Aminbuhe, were elected as directors of SouthGobi at the annual general meeting held on August 6, 2015. Novel Sunrise also announced that it has paid the outstanding balance of the purchase price that was payable to Turquoise Hill Resources Ltd. pursuant to the Sale and Purchase Agreement between Novel Sunrise and Turquoise Hill dated February 24, 2015.
Novel Sunrise owns and controls 72,127,140 common shares of SouthGobi, representing 29.38% of the total number of outstanding common shares of SouthGobi.
This press release does not constitute a solicitation of proxies and is being issued pursuant to the early warning requirements of applicable Canadian securities laws. An early warning report is being filed by Novel Sunrise in accordance with applicable Canadian securities laws and will be available on the SEDAR profile for SouthGobi at www.sedar.com.
Contact Information:
early warning report to which this press release relates,
please contact: Dean Wang, Secretary
Novel Sunrise Investments Limited
P.O. Box 957, offshore Incorporation Centre
Road Town, Tortola, British Virgin Islands
+852 6218 0511
dean@novelsunrise.com