(Adds details in second paragraph)
MOSCOW, Dec 5 (PRIME) -- Russian silver and gold producer Polymetal International has bought 80% in Saum Mining Company LLC for about U.S. $10.7 million, the company said in a statement Monday.
During the deal, Polymetal issued more than 1.120 million new shares, which accounts for 0.26% of the company’s increased shareholder equity. The shares will start trading at the London Stock Exchange on Tuesday, the company said.
Saum Mining Company owns a license for the development of the Saumskoye polymetallic ore field located in the Sverdlovsk Region.
End
|
|
