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Kopy Goldfields publ AB Signs LoI for Sale of LLC Kavkaz Gold och LLC Prodolny


Friday, 8 Nov 2013 05:13am EST 

Kopy Goldfields publ AB announced that the Company has signed a non-binding letter of intent (LoI) for the sale of 100% in its Kavkaz- and Prodolny-licenses to a Russian industrial group for a cash consideration of SEK 10 million. According to LoI the buyer would acquire 100% stake in the Company's subsidiary LLC Kavkaz Gold och LLC Prodolny which holds the above mentioned licenses. 

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