Polyus Gold International Limited
Completion of sale of Romaltyn Mining and Romaltyn Exploration
Completion of sale of Romaltyn Mining and Romaltyn Exploration
Further to its announcement of 20 April, Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, PGIL or the "Company"), the largest gold producer in Russia, announces the completion of the transaction to sell its 100% interest in Romaltyn Limited, an Isle of Man holding company of Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L, to a British Virgin Islands incorporated holding company affiliated with SAT & Company JSC (Kazakhstan) for a total consideration of USD 20 million.
Notes to editors
Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L. hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tonnes of ore and tailings annually (currently not in operation) and a number of exploration properties.
Enquiries:
Investor contact
Mikhail Seleznev, Director Investor Relations and Capital Markets
+44 (0) 208 528 14 50 ir@polyusgold.com
Media contact
Sergey Lavrinenko, Director Communications
+44 (0) 203 585 35 37 lavrinenkosn@polyusgold.com