SouthGobi Resources Closes Strategic Investment in Aspire Mining Limited

SouthGobi Resources Closes Strategic Investment in Aspire Mining Limited
HONG KONG, CHINA– – SouthGobi Resources Ltd. , announced today that it has completed the private placement with Aspire Mining Limited announced on October 26, 2010. Pursuant to the private placement, SouthGobi has acquired 105,860,186 common shares of Aspire at a price of A$0.19 per share, for an aggregate purchase price of approximately A$20.1 million.

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