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Polyus Gold International Ltd Announces Completion Of Sale


Thursday, 28 Feb 2013 09:21am EST 

Polyus Gold International Ltd announced that the completion of the transaction for the sale of its assets in Kazakhstan and Kyrgyzstan to a consortium consisting of Institute Project B.V., Financial Services B.V. and Folkstand Consortium Limited, as a result of which: the completion of the transaction for the sale of its assets in Kazakhstan and Kyrgyzstan to a consortium consisting of Institute Project B.V., Financial Services B.V. and Folkstand Consortium Limited, as a result of which: Jenington International Inc. ("Jenington"), an indirect subsidiary of the Company, has novated all of its rights and obligations under all the loan agreements between Kazakhaltyn, as borrower, and Jenington, as lender, to Institute Project B.V. and Financial Services B.V. for an aggregate cash consideration, after adjustment in accordance with the transaction agreements, of US$ 287,782,137; and the Company has completed the sale of 100% of the shares in Norox Mining Company Limited to Folkstand Consortium Limited for a cash consideration of $1 million. 

Company Quote

189.0
-1.25 -0.66%
7:18am EDT