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SouthGobi Announces Inside Information And Announcement Pursuant to Rule 13.09 of the Listing Rules in Relation to Listing Application in Canada, Overseas Delisting, Migration and Primary Listing on the Main Board of the Hong Kong Stock Exchange
VANCOUVER, BC / ACCESSWIRE / April 4, 2023 / SouthGobi Resources Ltd. (TSX:SGQ, HK:1878) (" Sout...
About this update from Southgobi Resources Ltd.
[{"type":"text","content":"SouthGobi Announces Inside Information And Announcement Pursuant to Rule 13.09 of the Listing Rules in Relation to Listing Application in Canada, Overseas Delisting, Migration and Primary Listing on the Main Board of the Hong Kong Stock ExchangeVANCOUVER, BC / ACCESSWIRE / April 4, 2023 / SouthGobi Resources Ltd. (TSX:SGQ, HK:1878) (\"SouthGobi\" or the \"Company\") The announcement is made by the Company pursuant to Rules 13.09 and 13.51(1) of the Listing Rules on the Hong Kong Stock Exchange, paragraphs 3.21 and 3.43 of the Guidance Letter and the inside information provisions under Part XIVA of the SFO.Reference is made to the announcements of the Company dated April 21, 2022, July 29, 2022 (\"July 29 Announcement\"), September 15, 2022, November 23, 2022, December 30, 2022, January 31, 2023, February 28, 2023, March 6, 2023 and April 2, 2023 (Hong Kong time) (collectively, \"Announcements\"). Unless otherwise specified, capitalized terms used in the Announcements shall have the same meanings when used herein.OVERSEAS DELISTING, MIGRATION ON HKEX AND LISTING ON TSX-V1.1 IntroductionThe Company announced on April 2, 2023 (Hong Kong time), the Company's common shares will be delisted from the TSX on April 14, 2023 (Canadian time at the close of trading), and the Company's common shares will commence trading on the TSX-V on April 17, 2023 (Canadian time as of the opening of trade). The change of the Company's secondary listing status to primary listing on the Hong Kong Stock Exchange will occur on April 17, 2023 (Hong Kong time) (the \"Effective Date\"), upon which the stock marker \"S\" will be removed from its stock short name on the Hong Kong Stock Exchange. The Company's common shares will be listed for trading on the TSX-V under its existing ticker symbol \"SGQ\". For the avoidance of doubt, the Migration Grace Period will end on the Effective Date.1.2 Obligations of the Company to Comply with All Applicable Listing RulesUpon the Effective Date, the Company has to comply with all the relevant Listing Rules applicable to a primary listed issuer, including those provisions subject to the Existing Waivers, unless otherwise being exempted or waived by the Hong Kong Stock Exchange pursuant to the Waivers as further elaborated below. The Existing Waivers will be withdrawn or will be no longer applicable upon the Effective Date. T...