SouthGobi issues 73,497,622 shares to settle PIK interest on convertible debenture

  • SouthGobi issued 73,497,622 common shares to Od Sar Trading to pay payment-in-kind interest under its convertible debenture.
  • Shares equal about 19.83% of shares outstanding post-issuance; pricing used a 50-day VWAP of CAD 0.33 per share.
  • US$ 2 million of assigned PIK interest remains outstanding; Od Sar can request additional shares based on the 50-day VWAP.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SouthGobi Resources Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260715-12245166), on July 15, 2026, and is solely responsible for the information contained therein.

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