Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHGM.L Regulatory News (HGM)

  • There is currently no data for HGM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition

23 Nov 2011 07:00

RNS Number : 5789S
Highland Gold Mining Limited
23 November 2011
 



 

Highland Gold Mining Limited to increase share in the Novoshirokinskoye Mine

23 November 2011 - Highland Gold Mining Limited ("Highland Gold" or the "Company") is pleased to announce that an Agreement of Intent has been signed between Stanmix Holding Limited (a wholly owned subsidiary of the Company) and its joint venture partner LLP Kazzinc, ("Kazzinc") for the acquisition of Kazzinc's 48.3% share in the Open Joint Stock Company Novo-Shirokinskiy Rudnik, the owner of the Novoshirokinskoye mine ("Novo").

The total consideration for this transaction is US$110 million of which US$47 million accounts for Kazzinc's 48.3% share in Novo and US$63 million to be paid as repayment of Kazzinc's share of intercompany debt. The transaction is expected to complete prior to the year end following the approval by Russian anti-monopoly authorities and completion of definitive legal documentation and will result in the Company's stake in Novo increasing to 96.6%. A further detailed announcement will be released at that time.

For further information please contact: 

Highland Gold

Dmitry Yakushkin, Head of Communications -

+ 7 495 424 95 21

Duncan Baxter, Chairman - + 44 (0) 1534 814202

Numis Securities Limited

 

Alastair Stratton / Stuart Skinner, Corporate Finance -

+44 (0) 207 260 1000

James Black, Corporate Broking - +44 (0) 207 260 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQUUONRABAAUAA
Date   Source Headline
12th Oct 20207:00 amRNSForm 8.3 - [Highland Gold Mining Ltd]
12th Oct 20207:00 amRNSForm 8.3 - [Highland Gold Mining Ltd]
12th Oct 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
12th Oct 20207:00 amRNSForm 8.3 - [Highland Gold Mining Ltd]
9th Oct 20202:50 pmRNSForm 8.3 - Highland Gold Mining Ltd
9th Oct 20202:45 pmRNSHolding(s) in Company
9th Oct 202012:23 pmPRNForm 8.3 - Highland Gold Mining Ltd
9th Oct 202012:13 pmPRNForm 8.3 - Highland Gold Dealing Disclosure
9th Oct 20209:48 amBUSForm 8.3 - Highland Gold Mining Ltd
9th Oct 20208:56 amRNSForm 8.3 - Highland Gold Mining Ltd
9th Oct 20208:20 amRNSForm 8.5 (EPT/RI)
9th Oct 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
8th Oct 20203:06 pmBUSForm 8.3 - Highland Gold Mining
8th Oct 20202:47 pmBUSForm 8.3 - HIGHLAND GOLD MINING LTD
8th Oct 202012:42 pmPRNForm 8.3 - Highland Gold Mining Ltd
8th Oct 202011:34 amRNSForm 8.3 - Highland Gold Mining Ltd
8th Oct 20209:19 amRNSForm 8.5 (EPT/RI)
8th Oct 20208:46 amRNSForm 8.3 - Highland Gold Mining
8th Oct 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
7th Oct 20202:47 pmBUSForm 8.3 - Highland Gold Mining
7th Oct 202012:36 pmPRNForm 8.3 - Highland Gold Mining Ltd
7th Oct 20209:47 amRNSForm 8.5 (EPT/RI)
7th Oct 20209:43 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
7th Oct 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
6th Oct 20202:47 pmRNSForm 8.3 - Highland Gold Mining Ltd
6th Oct 20202:18 pmBUSForm 8.3 - Highland Gold Mining
6th Oct 20201:00 pmBUSForm 8.3 - Highland Gold Mining Ltd
6th Oct 202012:03 pmPRNForm 8.3 - Highland Gold Mining Ltd
6th Oct 202010:07 amRNSForm 8.3 - Highland Gold Mining Ltd
6th Oct 20208:23 amRNSForm 8.5 (EPT/RI)
6th Oct 20208:08 amRNSForm 8.3 - Highland Gold Mining Ltd
5th Oct 20204:49 pmRNSForm 8.3 - [Highland Gold Mining Ltd]
5th Oct 20202:37 pmRNSForm 8.3 - Highland Gold Mining Ltd
5th Oct 202012:53 pmPRNForm 8.3 - Highland Gold Mining Ltd
5th Oct 202010:48 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
5th Oct 20209:22 amRNSForm 8.5 (EPT/RI)
5th Oct 20209:08 amRNSForm 8.3 - Highland Gold Mining Ltd
2nd Oct 20202:49 pmRNSForm 8.3 - Highland Gold Mining Ltd
2nd Oct 202012:42 pmPRNForm 8.3 - Highland Gold Mining Ltd
2nd Oct 202011:15 amBUSFORM 8.3 - HIGHLAND GOLD MINING LTD
2nd Oct 20208:55 amRNSForm 8.5 (EPT/RI)
2nd Oct 20207:55 amRNSForm 8.3 - Highland Gold Mining Ltd
1st Oct 202012:24 pmPRNForm 8.3 - Highland Gold Mining Ltd
1st Oct 202011:42 amBUSForm 8.3 - Highland Gold Mining Ltd
1st Oct 20209:07 amRNSForm 8.5 (EPT/RI)
1st Oct 20208:33 amRNSForm 8.3 - Highland Gold Mining Ltd
1st Oct 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
30th Sep 202011:54 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
30th Sep 20209:07 amRNSForm 8.5 (EPT/RI)
30th Sep 20208:16 amRNSForm 8.3 - Highland Gold Mining Ltd

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.