BRIEF-SouthGobi Resources comments on reported settlement of tax verdict

Wed May 18, 2016 10:47am EDT
 
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May 18 (Reuters) - SouthGobi Resources Ltd

* SouthGobi resources ltd comments on reported settlement of tax verdict

* Has not received any formal notice from government of Mongolia in relation to any settlement proposal

* Notes recent Mongolian media reports in connection with reported settlement of us$16.5 million residual financial penalty against SouthGobi sands Source text for Eikon: (Bengaluru Newsroom; +1 646 223 8780; )