Business
Postponement of Placing of Sh
Postponement of Placing of Sh.
About this update from Kazera Global Plc
[{"type":"text","content":"\n RNS Number : 7565E KazakhGold Group Ltd 29 December 2009 \n \nNOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN\n\n29 December 2009\nKazakhGold Group Limited (LSE: KZG): Postponement of Placing of Shares and GDRs\nKazakhGold Group Limited (\"KazakhGold\") today announces that its planned placing of new ordinary shares of KazakhGold and global depositary receipts representing those shares had been postponed in order to allow more time for KazakhGold to investigate further certain Kazakh regulatory issues in connection with the placing. As stated in the Partial Offer Document issued in connection with the acquisition by Jenington International Inc. (\"Jenington\"), an indirect wholly-owned subsidiary of OJSC Polyus Gold, of 50.1 per cent of the ordinary share capital of KazakhGold, KazakhGold expects to raise approximately US$ 100 million by way of the placing. In connection with the Partial Offer, Jenington, KazakhGold's direct controlling shareholder, agreed, as part of the transaction, to underwrite the placing. KazakhGold currently expects that it will be able to complete the placing in the first quarter of 2010.\nFor further information please contact:\nAlexey V. Chernushkin, Director, capital markets and IREvguenia V.Buydina, IR manager+7 (495) 641-3377\n+7 (495) [email protected]\nAnton A. Arens, PR Director\n+7 (495) 641-3365+7 (495) [email protected]\n\nThis announcement does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful and, in particular, is not for release, publication or distribution in or into the United States, Australia, Canada or Japan.\nThe offer and sale of the Shares and the GDRs has not been and will not be registered under the US Securities Act of 1933, as amended (the \"Securities Act\") or with any securities regulatory authority of any state or other jurisdiction in the US and the Shares and the GDRs may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the regis...