Business
Completion of Acquisition
Completion of Acquisition.
About this update from Kazera Global Plc
[{"type":"text","content":"\n KazakhGold Group Ltd\n11 May 2007\n\n\n11 May 2007\n\n\n KAZAKHGOLD ANNOUNCES ACQUISITION OF THE OXUS' ASSETS\n\n\nFollowing its announcement on 26 April 2007, KazakhGold Group Limited (LSE: KZG)\nis pleased to announce that it has completed the transaction with Oxus Gold PLC\n(LSE: OXS) to acquire Norox Mining Company Limited, 50% of the issued share\ncapital of Romaltyn Limited and the right to an option relating to the\nKarakilise copper deposit licence in Turkey from Oxus Resources Corporation, a\nwholly owned subsidiary of Oxus. The 25% interest in Hatay Madencilik SA has\nnot been acquired by KazakhGold.\n\n\nKazakhgold issued 3,541,666 new ordinary shares as consideration for the\nacquisition of these assets, representing approximately 7% of the enlarged share\ncapital of KazakhGold following the issue of the consideration shares.\n\n\n\nFurther Information:\n\n\nAidar Assaubaev\nKazakhgold\n\n+73272509264\n\n\nRon Marshman/John Greenhalgh\nCity of London PR Limited\n\n+442076285518\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]