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Home Sources Business & Entrepreneurs

POLYMETAL completes acquisition of Maminskoye Gold Deposit

by PressCenter.com
July 1, 2013
in Business & Entrepreneurs, Business & Entrepreneurship, Categories, Sources
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Details of the transaction were announced by the Company on 20 February 2013.The total consideration for this acquisition comprised US$3.9 million in cash with the balance of US$73.4 million payable through the issue of 5,491,661 new ordinary shares of the Company, representing approximately 1.4 per cent. of the Company’s enlarged issued share capital. The new shares are expected to be admitted to trading on the London Stock Exchange on 11 April 2013. Following the allotment, the total issued share capital of the Company will comprise 389,472,865 ordinary shares of no par value, each carrying one vote.

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