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SouthGobi to issue 73,497,622 shares to settle US$17 million payment-in-kind interest under convertible debenture
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SouthGobi to issue 73,497,622 shares to settle US$17 million payment-in-kind interest under convertible debenture
  • SouthGobi will settle USD 17 million of payment-in-kind interest under its USD 250 million Convertible Debenture by issuing common shares.
  • Od Sar Trading exercised its right to take shares for the interest payment, with a requested payment date of July 13, 2026.
  • Issuance set at 73,497,622 common shares, about 19.83% of shares outstanding post-issuance.
  • Share count based on a 50-day VWAP of about CAD 0.33 per share, or USD 0.23, as of the payment date.


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 on July 14, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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