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TMCNet:  Siskinds LLP Announces Filing of Proposed Securities Class Action Against SouthGobi Resources Ltd. (Toronto: SGQ; Hong Kong: 1878)

[January 06, 2014]

Siskinds LLP Announces Filing of Proposed Securities Class Action Against SouthGobi Resources Ltd. (Toronto: SGQ; Hong Kong: 1878)

TORONTO & LONDON, Ontario --(Business Wire)--

Siskinds LLP today announced the filing in the Ontario Superior Court of Justice of a proposed securities class action against SouthGobi Resources Ltd. ("SouthGobi") (Toronto: SGQ; Hong Kong: 1878), certain of its current and former senior officers and directors, and its former auditors.

Subject to certain exclusions, the proposed lass includes all persons and entities who acquired the common shares of SouthGobi from March 30, 2011 through November 7, 2013, inclusive.


The action alleges that, among other things, during the relevant period certain documents released by SouthGobi, including its audited and unaudited financial statements, contained representations that were untrue. It is alleged that the defendants have liability for damages sustained by the proposed class.

Siskinds LLP is one of Southwestern Ontario's largest and most well-established full-service law firms with offices in London, Toronto and affiliates in Québec City and Montréal.


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