1. Main
  2. Learn
  3. Economy
  4. Companies

KazakhGold completed reverse take-over of Polyus Zoloto26 июля 2011, 18:11

Golden ingots. ©RIA Novosti Golden ingots. ©RIA Novosti
KazakhGold Group Limited received 89.14 percent of Polyus Zoloto by reverse take-over, KazTAG reports citing the message of KazakhGold. “KazakhGold Group Limited is happy to announce thee completion of the reverse take-over of Polyus Zoloto that was announced on June 17, 2011. As a result of the take over KazakhGold obtained common shares of Polyus Zoloto and American depositary receipts: the total of 89.14 percent of issued stock capital of Polyus Zoloto. As a result of the reverse take-over the share capital of KazakhGold is 3,032,149,962 common shares with nominal cost of 0.0001 pounds per share,” the press-release writes. KazakhGold also announces admittance of 2,985,049,962 global depository receipts (GDR), where one GDR represents a common share of the company, into Great Britain’s listing agency, as well as official listing of the London Stock Exchange. Currently 1,942,067,953 company shares are issued in the form of GDR. July 17, 2011 KazakhGold’s Board approved KazakhGold Group Limited changing its name to Polyus Gold International Limited. KazakhGold owns Aksu, Bestobe and Zholymbet, South Karaultyube and Kyzylsorskoye gold deposits in North Kazakhstan, as well as several deposits in East Kazakhstan. The company’s gold reserves are evaluated at 59.6 million troy ounces.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights