The Canadian offering was conducted through Citigroup Global Markets Canada Inc., Macquarie Capital Markets Canada Ltd., Genuity Capital Markets and Salman Partners Inc. On February 26, 2010, the Canadian underwriters partially exercised their over-allotment option and purchased an additional 228,100 common shares of SouthGobi for $3,877,700, bringing the total gross proceeds of the offering to $462,877,700. Proceeds of the offering will be used to expand SouthGobi's Ovoot Tolgoi coal mine in Mongolia, develop regional transportation infrastructure, construct additional facilities and expand its exploration activities. The listing was the first listing of a Canadian mining company on the Hong Kong Stock Exchange, and the first listing by any Canadian company in conjunction with a stock offering.