Brief: Southgobi Resources Says Auditors Have Not Been Able To Obtain Sufficient Evidence To Support Going Concern Assumptions

SouthGobi Resources

11/03/2022 04:30

March 11 (Reuters) - SouthGobi Resources Ltd  SGQ.TO :
    * ADVISED BY EXTERNAL AUDITORS THAT THEY WILL NOT BE IN A
POSITION
TO RENDER AN UNMODIFIED OPINION ON FY CONSOL FINANCIAL
STATEMENTS
    * AUDITORS HAVE NOT BEEN ABLE TO OBTAIN SUFFICIENT EVIDENCE
TO
SUPPORT MANAGEMENT'S GOING CONCERN ASSUMPTIONS
    * WILL BE IN DEFAULT OF ITS CONTINUOUS DISCLOSURE
OBLIGATIONS
UNDER APPLICABLE CANADIAN SECURITIES LAWS
    * WILL BE PLACED ON DEFAULTING ISSUERS LIST OF BRITISH
COLUMBIA
SECURITIES COMMISSION
    * WILL BE MAKING AN APPLICATION TO BCSC REQUESTING A
MANAGEMENT
CEASE TRADE ORDER FOR LATE FILING OF 2021 ANNUAL FILINGS

Further company coverage:  SGQ.TO 

 (Reuters.briefs@thomsonreuters.com)