Brief: Kopy Goldfields Establishes Operations In Khakassia Through Acquisition

Kopy Goldfields AB (publ)

08/11/2022 15:53

Nov 8 (Reuters) - Kopy Goldfields AB (publ)  KOPY.ST :
    * KOPY GOLDFIELDS ESTABLISHES OPERATIONS IN KHAKASSIA
THROUGH
ACQUISITION
    * TO ACQUIRE A 25% INTEREST OF RUSSIAN GOLD COMPANY ZOLOTAYA
ZVEZDA CJSC
    * TOTAL CASH CONSIDERATION OF MRUB 550 (APPR MUSD 8.9)
INCLUDING
TRANSACTION COSTS
    * ZOLOTAYA ZVEZDA IS GOLD PRODUCER LOCATED IN KHAKASSIA
REGION OF
RUSSIA WITH TARGET GOLD PRODUCTION OF SOME 5 KOZ IN 2022
    * SELLER IS A PRIVATE OWNER
    * ACQUISITION WILL BE FINANCED THROUGH GROUP'S AVAILABLE
CASH
SOURCES

Further company coverage:  KOPY.ST 
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