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BRIEF-Southgobi announces equipment purchase loan
August 31, 2017 / 2:13 PM / 21 days ago

BRIEF-Southgobi announces equipment purchase loan

Aug 31 (Reuters) - Southgobi Resources Ltd

* Southgobi announces equipment purchase loan

* Southgobi Resources - ‍entered loan agreement on July 6, supplementary loan agreement on August 31, with Beijing Jin Rui Tian Chen Asset Management Co

* Southgobi Resources Ltd- key terms of equipment purchase loan include principal RMB 69 million

* Southgobi-Co to provide corporate guarantee to cover principal, interest owed, provide mining equipment with value no less than RMB 69 million as security​

* Southgobi Resources Ltd- loan for purpose of financing purchase of mining equipment

* Southgobi Resources Ltd - ‍key terms of equipment purchase loan include maturity 12 months from drawdown​ Source text for Eikon: Further company coverage:

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