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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
10th Aug 202011:51 amRNSForm 8.5 (EPT/NON-RI)
10th Aug 202010:28 amBUSFORM 8.3 - HIGHLAND GOLD MINING LTD
10th Aug 20209:22 amRNSForm 8.5 (EPT/RI)
10th Aug 20207:00 amRNSForm 8.3 - Highland Gold Mining Limited
10th Aug 20207:00 amBUSForm 8.3 - Highland Gold Mining Limited
7th Aug 202011:58 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
7th Aug 202010:09 amRNSForm 8.5 (EPT/NON-RI)
7th Aug 20209:17 amRNSForm 8.5 (EPT/RI)
7th Aug 20209:11 amRNSForm 8.5 (EPT/RI) - Highand Gold Mining Ltd
7th Aug 20207:00 amRNSForm 8 – Opening Position Disclosure - HGM
6th Aug 20203:22 pmBUSForm 8.3 - Highland Gold Mining
6th Aug 202011:25 amPRNForm 8.3 - Highland Gold Mining Ltd
6th Aug 202011:22 amBUSForm 8.3 - Highland Gold Mining Ltd
6th Aug 202011:14 amRNSForm 8.5 (EPT/NON-RI)
6th Aug 20209:31 amRNSForm 8.5 (EPT/RI)
6th Aug 20209:10 amRNSForm 8.5 (EPT/RI) - Highland Gold Mining Ltd
5th Aug 20203:25 pmBUSForm 8.3 - Highland Gold Mining
5th Aug 20202:08 pmRNSForm 8.3 - Highland Gold Mining Limited
5th Aug 202011:29 amGNWForm 8.3 - [Highland Gold Mining Limited] - (HHL)
5th Aug 202011:26 amGNWForm 8.3 - [Highland Gold Mining Limited] - (HHL)
5th Aug 202011:25 amRNSForm 8.3 - Highland Gold Mining Limited
5th Aug 202011:16 amRNSForm 8.5 (EPT/NON-RI)
5th Aug 202011:14 amPRNForm 8.3 - Highland Gold Mining Ltd
5th Aug 202010:40 amBUSForm 8.3 - Highland Gold Mining Ltd
5th Aug 202010:06 amRNSForm 8.5 (EPT/RI)
5th Aug 20207:00 amRNSTR-1: Form for notification of major holdings
4th Aug 20202:09 pmRNSForm 8.3 - Highland Gold Mining Limited
4th Aug 202012:59 pmRNSBMO CML - Form 8.5 (EPT/NON-RI)
4th Aug 202011:17 amBUSForm 8.3 - HIGHLAND GOLD MINING LTD
4th Aug 202010:50 amRNSForm 8.3 - Highland Gold Mining Limited
4th Aug 20209:40 amRNSForm 8.5 (EPT/RI)
4th Aug 20207:00 amBUSForm 8.3 - Highland Gold Mining - Amendment
3rd Aug 20205:01 pmBUSForm 8.3 - Highland Gold Mining
3rd Aug 20204:20 pmRNSForm 8.3 - [Highland Gold Mining LTD]
3rd Aug 20204:06 pmRNSForm 8.3 - Highland Gold Mining Ltd
3rd Aug 20203:41 pmRNSTR-1: Form for notification of major holdings
3rd Aug 20202:49 pmRNSForm 8.3 - Offer for Highland Gold Mining Limited
3rd Aug 202012:22 pmPRNForm 8 (DD) - Highland Gold Mining Ltd
3rd Aug 202012:15 pmPRNForm 8 (OPD) - Highland Gold Mining Ltd
3rd Aug 202012:12 pmRNSForm 8.3 - Highland Gold Mining Limited
3rd Aug 202012:08 pmRNSBMO CML - Form 8.5 (EPT/NON-RI)
3rd Aug 202011:59 amRNSForm 8.3 - HIGHLAND GOLD MINING LIMITED
3rd Aug 202011:06 amRNSForm 8.3 - Highland Gold Mining Limited
3rd Aug 202010:57 amGNWForm 8.3 - [Highland Gold Mining Limited] - (HHL)
3rd Aug 202010:53 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - Highland Gold Mining Ltd - Ordinary Shares
3rd Aug 20209:34 amRNSForm 8.5 (EPT/RI)
31st Jul 20204:16 pmRNSForm 8.3 - [Highland Gold Mining Ltd]
31st Jul 20204:00 pmRNSDirector/PDMR Shareholding
31st Jul 202012:28 pmRNSResults of Annual General Meeting
31st Jul 20207:00 amRNSRECOMMENDED PRE-CONDITIONAL MANDATORY CASH OFFER

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