Polyus Gold makes minority shareholders 1,900 rbls buyout offer
August 30. RIA Novosti. MOSCOW
Polyus Gold International, a new company established after Russia’s top gold miner Polyus Gold finalized a reverse takeover with Kazakhstan’s KazakhGold, has offered to buy Polyus Gold shares from minority shareholders at 1,900.27 rubles ($66.18) per share within the next 70 days, Polyus Gold said on Tuesday.
The overall volume of outstanding shares is 20.701 million making the total sum of the deal worth up to 39.3 billion rubles ($1.35 bln), the company said in a statement.
Polyus Gold’s operating mines and development and exploration projects are located in five major gold mining regions in Russia – the Krasnoyarsk and the Irkutsk regions in Siberia, the Far Eastern Magadan and Amur regions, and the Republic of Sakha (Yakutia) in East Siberia.