On December 20, 2018, the Court certified this proceeding as a class action on behalf of a group of investors who acquired SouthGobi Resources Ltd. securities during the period of March 30, 2011 through November 7, 2013. Please review the detailed notice available below for a full description of the Class, as well as important information about this class action and your rights, if applicable.

Long-Form Notice of Certification and Opt-Out Procedure

If you are a Class Member, as defined in the notice, you are automatically included in the class action and you will stand to participate in the outcome of the class action when it may be resolved. If you are a Class Member, as defined in the notice, and wish to participate in this class action, you are not required to do anything at this time. Class Counsel will publish further information in the future when it becomes available.

What is a Class Action?

A class action is a lawsuit that is brought by one or more persons on behalf of a larger group of people whose claims share common legal and/or factual issues. Such people are commonly referenced as “class members.” Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

Who is affected by the SouthGobi class action?

You are affected by this proposed class action and may be a “member” of the proposed class if you acquired SouthGobi’s securities from March 30, 2011 through to November 7, 2013, inclusive, and continued to hold some or all of those securities as of the close of trading on November 7, 2013.

Can I join the class action?

There are no steps required to “join” the class action. Assuming you fall within the scope of the class definition, you are automatically included in the class action unless you “opt-out” (exclude yourself from the class action).

Can I exclude myself from the class action?

No. The opt-out period ended on December 4, 2019.

What should I do to protect my rights?

To protect your rights, you should:

1. Keep records of any purchases and sales of the securities of SouthGobi.
2. Register with Siskinds in order to receive updates about this proposed class action by filling out the form below. By submitting your information to Siskinds you do not retain Siskinds as your lawyers, nor do you incur costs in connection with this class action.
3. While the class action is pending, notices will be disseminated to the class members advising that they should take certain steps by specific deadlines in order to preserve their rights. This information will also be made available on Siskinds’ website. These deadlines will usually be fixed by the courts, and will need to be adhered with in order to protect your rights.

I still have a question. Who should I contact?

If you have any other questions, please complete the contact form below.

Long-Form Notice of Certification and Opt-Out Procedure