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Company News

BRIEF-Southgobi Resources qtrly loss per share $0.04

Nov 14 (Reuters) - Southgobi Resources Ltd -

* QTRLY LOSS PER SHARE $0.04

* Q3 REVENUE $19.4 MILLION VERSUS $16.4 MILLION

* SOUTHGOBI - HAS ENTERED INTO AGREEMENT FOR FINANCE LEASE ON NEW WASH PLANT FACILITY BUT WILL NEED FINANCING TO COMPLETE THERMAL COAL PROCESSING

* NO GUARANTEE THAT COMPANY WILL BE ABLE TO SUCCESSFULLY SECURE ADDITIONAL SOURCES OF FINANCING

* SEVERAL ADVERSE CONDITIONS AND MATERIAL UNCERTAINTIES CAST SIGNIFICANT DOUBT UPON GOING CONCERN ASSUMPTION

* SOUTHGOBI - UNLESS COMPANY ACQUIRES ADDITIONAL SOURCES OF FINANCING AND/OR FUNDING IN SHORT TERM, ABILITY TO CONTINUE AS GOING CONCERN IS THREATENED Source text for Eikon: Further company coverage:

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