SouthGobi Provides Update on Mongolian Independent Authority Against Corruption Investigation; Shrs Fell 4%, Nearer Yr Lows Friday

By
A A A

SouthGobi Resources Ltd. (SGQ.TO) has received notification from the Mongolian Independent Authority Against Corruption (IAAC), that it has concluded its questioning of SouthGobi's Chief Legal Counsel Sarah Armstrong and that she is no longer a suspect in their investigations. The IAAC has informed the company that she will shortly be able to leave the country.

The IAAC has also confirmed to SouthGobi that it is continuing with its investigation into historical licensing issues. The IAAC advised that it is investigating the divestment of certain SouthGobi licenses to third parties, and the involvement and conduct of government officials in connection with this.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com