Polyus gold mining company has accomplished a deal on purchasing of the additional share issue from its subsidiary, Matrosov Mine (Magadan region). Polyus acquired entire 186 302 shares of the additional issue through closed subscription at 10 118 rubles per share.
Polyus President Eugene Ivanov stated that the amount of 1.9 bln RR (approx. USD 68 mln) paid for purchasing of the Matrosov Mine shares would provide financing for further exploration of the giant Natalka deposit and building of the test processing plant. “That move is our core strategy, providing improvements for the Group assets' structure and management”, he added.
As a result of the deal Polyus Group has become the owner of 87,44% total shares of Matrosov Mine.