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Preparation For Jesus - A Weary World Rejoices!
thanks NYBob ! :)
A small zoo in Oklahoma acquired a very rare species of gorilla.
Within a few weeks the gorilla, a female, became very difficult to handle.
Upon examination, the veterinarian determined the problem. The gorilla
was in heat and to make matters worse, there was no male gorilla available.
Thinking about their problem, the Zoo Keeper thought of Bobby Lee Walton,
a redneck part-time worker at the zoo. Bobby Lee, like most rednecks,
had little sense but possessed ample ability to satisfy a female of any species.
The Zoo Keeper thought they might have a solution. Bobby Lee was approached with a proposition. Would he be willing to mate with the gorilla for $500.00?
Bo by Lee showed some interest but said he would have to think the matter
over carefully. The following day, he announced that he would accept their
offer but only under four conditions:
>
>
>
> 1. "First", Bobby Lee said, "I ain't gonna kiss her on the lips."
> The Keeper quickly agreed to this condition.
>
> 2. "Second", he said, "You can't never tell no one about this."
> The Keeper again readily agreed to this condition.
>
> 3. "Third," Bobby Lee said, "I want all the chil'drun raised as Baptist."
> After a little chuckle, once again it was agreed.
>
> 4. "And last of all", Bobby Lee stated,
> "You gotta give me another week to come up with the $500.00"
Eurasia Gold Inc. announces changes to its board of directors
Thursday August 16, 12:13 pm ET
TORONTO, Aug. 16 /CNW/ - Following the successful completion of the take-over bid for Eurasia Gold Inc. ("Eurasia" or the "Company") by Kazakhmys Gold Inc., Eurasia announces changes to its board of directors. This will be an important step in the integration of Eurasia within the Kazakhmys group and in the future development of a gold division.
ADVERTISEMENT
Oleg Novachuk, Matthew Hird, Robert Welch and Andrei Tretyakov have been appointed as directors and, together with serving director Baltabek Mukashev, comprise the new five person board of Eurasia. Aman Adilkhanov, Graham Bevan, Richard Lachcik and Kumar Mukashev have each resigned from the board. The new board of directors has appointed Oleg Novachuk as President and Chief Executive Officer and Matthew Hird as Chief Financial Officer of Eurasia, replacing Baltabek Mukashev and Yerlan Mukashev who have resigned from such positions.
Kazakhmys Gold Inc. now owns approximately 96.34% of the issued and outstanding Eurasia shares, following the July 4, 2007 expiration of Kazakhmys Gold Inc.'s offer to acquire all of the issued and outstanding ordinary shares of Eurasia. Since the offer was accepted by holders of more than 90% of the Eurasia shares, Kazakhmys Gold Inc. has exercised its right under the compulsory acquisition provisions of the Business Corporations Act (British Columbia) to acquire all outstanding Eurasia shares not already owned by Kazakhmys Gold Inc. Kazakhmys expects to complete such acquisition in September, 2007.
Oleg Novachuk, Kazakhmys' Chief Executive said: "I should like to thank the departing directors and officers their contribution to Eurasia's development and success. As part of Kazakhmys, Eurasia will be able to fully realise its potential and become the core part of a growing precious metals division."
To 'rossi' on 'Eurasia Gold Corp. (EGX:TSX-V)' -
Rossi, yes it sounds like it - eventually
the 666bolshevikz will delist the stock ? -
Then they will make you beg to take your stock? -
that's right I hate being screwed every bit -
as much as you -
its looks like the bad - uggly 666bolshevikz -
taken over the management? -
to sell before Sept. 5th may be the only way out -
the 666bolshevikz robbed us of the EGX gold ? -
the 666bolshevikz only gives fiatz now -
http://tinyurl.com/3c5gn
history repeat itself
Imo. Tia.
Have a good weekend -
http://www.888c.com/
God Bless America
To 'rossi' on 'Eurasia Gold Corp. (EGX:TSX)' -
RE:
Sounds like you have never been in a forced buyout before.
Is that a statement from you? -
In that case you are wrong!
Yes, I have been into a few forced buyouts more than 10 years ago -
but the management agreed with the merger -
In Eurasia Gold Corp. case -
the Eurasia Gold Corp. Board of Directors advise -
is to reject the Offer!!! -
Accordingly, the recommendation of the Special Committee
and of the Eurasia Gold Corp. - Board of Directors,
as described in the Directors' Circular,
that shareholders reject the Offer remains unchanged -
that is the bottom line -
Listing Main Market - London Stock Exchange -
http://www.investorshub.com/boards/read_msg.asp?message_id=17193432
the buyer if they can buy a certain amount of shares -
the buyer can ask the court for a judgement -
to buy out the Minority Shareholders! -
Canadian Law also have protection for Minority Shareholders!
I think, I seen prev. that Eurasia Gold has put some extra
protection in place for their Minority Shareholders? -
Minority Shareholders Rights??? -
I have been an Eurasia Gold shareholder for about 10 years -
and can't pinpoint when it was, but I do think it
has been made? -
If you sell - its up to you - but I am 100% with the
guide line from Eurasia Gold Board of Directors -
telling us to NOT SELL!!!
FYI.
Note. the Eurasia Gold Corp. Board of Directors advise -
- "Is to reject the Offer!!!" -
RE:
Eventually they will delist the stock.
Then they will make you beg to take your stock.
That sound like year 1800 to me? -
that would be that Canada and US have no Law for Minority
Shareholders? -
but the American Law is strong for Minority Shareholders -
and the 666evilz haven't removed it yet? -
what I know? -
(don't take my advice do your own dd... -
and consult a corp. lawyer?) -
Imo. Tia.
Thanks
Bob
Sounds like you have never been in a forced buyout before.Eventually they will delist the stock.Then they will make you beg to take your stock.
I hate being screwed every bit as much as you.
I suspect they stole some of the gold production so that this stock never performed.
To 'rossi' on 'Eurasia Gold Corp. (EGX:TSX-V)' -
do your own dd....
btw.
I am not going to sell to the banksterz below
fiatz$10.- plus -
got a new scare tactic of registred mail etc. -
the 666evilz don't doing anything nice -
that's for sure -
the666 manipulate down anything their long fingerz want -
to rob and steal -
for peanutz - spec. any GOLD they want from 888 -
they 911killing 888 for it -
Imo.
God Bless
http://www.888c.com/
http://www.investorshub.com/boards/read_msg.asp?message_id=20752762
Its not looking like good advice.The share price is now below the compulsory buy out price.
Let's go with Eurasia Gold Corp. advise -
Accordingly, the recommendation of the Special Committee
and of the Eurasia Gold Corp. - Board of Directors,
as described in the Directors' Circular,
that shareholders reject the Offer remains unchanged
that is the bottom line -
Listing Main Market - London Stock Exchange -
http://www.investorshub.com/boards/read_msg.asp?message_id=17193432
Imo. Tia.
Thanks
Bob
Bob,my understanding is that the majority shareholder already holds enough shares to force the takeover.
Is this not correct?
Accordingly, the recommendation of the Special Committee
and of the Board of Directors, as described
in the Directors' Circular,
that shareholders reject the Offer remains unchanged
that is the bottom line -
Listing Main Market - London Stock Exchange -
http://www.investorshub.com/boards/read_msg.asp?message_id=17193432
Thanks
Bob
TORONTO, June 1 /CNW/ - Eurasia Gold Inc. ("Eurasia") (TSX: EGX - News) announces that Kazakhmys Gold Inc. (the "Offeror") and Kazakhmys PLC ("Kazakhmys") have rejected the request by the Board of Directors of Eurasia (the "Board") that the unsolicited all-cash offer of $0.85 per Eurasia Ordinary Share from the Offeror for all outstanding Ordinary Shares of Eurasia effective on May 15, 2007 (the "Offer") be increased to better reflect the Board's opinion of the value of the Eurasia Ordinary Shares. After receiving the opinion of the Special Committee on May 28, 2007, the Board authorized the Special Committee and its Advisors to continue the meetings and discussions with Kazakhmys and its advisors referred to in the Directors' Circular mailed to Eurasia shareholders on May 30, 2007. These have now terminated. The Special Committee has been advised that, after careful consideration, the Offeror is not prepared to increase the Offer price. Accordingly, the recommendation of the Special Committee and of the Board of Directors, as described in the Directors' Circular, that shareholders reject the Offer remains unchanged.
Eurasia Gold Inc.'s Board recommends shareholders reject offer from Kazakhmys
Wednesday May 30, 3:37 pm ET
TORONTO, May 30 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX - News) announces that its Board of Directors is unanimously recommending that shareholders reject the unsolicited all-cash offer of $0.85 per Ordinary Share from Kazakhmys Gold Inc. (the "Offeror"), a wholly-owned subsidiary of Kazakhmys PLC ("Kazakhmys") for all outstanding Eurasia Ordinary Shares (the "Offer"). The Board of Directors has concluded that the Offer is inadequate, from a financial point of view, to Eurasia's shareholders. Eurasia's Board of Directors had established an independent director's special Committee (the "Special Committee") comprised of Graham Bevan to review the Offer. The Special Committee had retained Minden Gross LLP and Jennings Capital Inc. ("Jennings"), as its legal and financial advisors, respectively. Jennings has provided a written opinion to the Special Committee and the Board of Directors to the effect that the Offer is inadequate from a financial point of view to the Eurasia shareholders (the "Financial Opinion").
A copy of the Directors' Circular, which sets forth in greater detail the Board of Directors' recommendation and the reasons therefor, is being mailed to all Eurasia shareholders, beginning May 30, 2007. The Board of Directors' recommendation was arrived at after considering a number of factors, including:
- although Jennings was not retained to prepare a formal valuation in
respect of Eurasia, the financial analysis prepared by Jennings for
the purposes of delivering the Fairness Opinion indicated that the
Offer was inadequate, from a financial point of view, to the
shareholders of Eurasia. The Special Committee considered the
assumptions communicated to it by Jennings for the purposes of its
financial analysis to be reasonable or appropriately cautious;
- the Fairness Opinion is to the effect that the consideration to be
paid in respect of the Offer is inadequate, from a financial point of
view, to the Shareholders; and
- the opinion of the Special Committee.
Eurasia's shareholders are advised to read the Director's Circular as it contains important information about the Offer. Copies of same will also be available at www.SEDAR.com under Eurasia's SEDAR profile.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
For further information
Baltabek Mukashev, President and CEO, + 7 3272 37 83 06, baltabek.mukashev@almaty.eurasiagold.com
Eurasia Gold Inc., (416) 504-2899, info@eurasiagold.com
TORONTO, May 15 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX - News) announces that its Board of Directors is reviewing a proposed unsolicited all-cash takeover bid of $0.85 per Ordinary Share from Kazakhmys PLC ("Kazakhmys") for all outstanding Eurasia Ordinary Shares.
ADVERTISEMENT
Eurasia's Board of Directors is reviewing the proposed Offer in the context of the company's alternatives to maximize shareholder value. To assist in this analysis, Eurasia's Board of Directors has established an independent director's Special Committee comprised of Graham Bevan. It is anticipated that Mr. Bevan will retain independent financial and legal advisors.
"The Board will give due consideration to the Kazakhmys bid. Pending the Board's recommendation, shareholders are urged not to tender to the Offer," said Mr. Baltabek Mukashev, Eurasia's President and Chief Executive Officer.
Eurasia Gold announces late filing of financial statements
Monday March 26, 4:08 pm ET
TORONTO, March 26 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX - News) is announcing today that as a result of increased time needed to complete its annual financial statements and hence the audit thereof, Eurasia advises that there will be a delay in filing of the annual financial statements, management discussion and analysis ("MD&A") and annual information form for year ended December 31, 2006 as required by National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102").
ADVERTISEMENT
The delay is caused by procedures required to finalize the accounting under Canadian GAAP of the business combination of Charaltyn JSC and Eurasia that occurred in May 2006 and its effect on comparative information as well as quarterly information for 2006, MD&A and annual information form. This is aimed primarily for a better understanding of the results of its operations on a combined basis for the users of financial information under Canadian GAAP.
Eurasia is working with its auditors as expeditiously as possible to complete the audit of its annual financial statements for year ended December 31, 2006. Management expects this to be completed by April 20, 2007.
Pending the filing of its annual audited financial statements and MD&A, Eurasia intends to satisfy the alternative information guidelines recommended by Ontario Securities Commission ("OSC") Policy 57-603 and Canadian Securities Administrators ("CSA") Staff Notice 57-301. If the Financial Statements and MD&A are not filed by May 31, 2007, the Ontario Securities Commission ("OSC") may impose a cease trade order. The Company will request from the OSC, that a management cease trade order related to Eurasia's common shares be imposed against some or all of the persons who have been directors, officers or insiders of Eurasia instead of against all securities of the Company. Such an order would not generally affect the ability of persons who have not been directors, officers or insiders of Eurasia to trade Eurasia's securities.
Eurasia Gold to sell shares in London next month
26 Feb 2007
Eurasia Gold Inc., a Kazakh-based gold miner part-owned by billionaire Viktor Vekselberg, plans to sell shares in London next month to raise as much as $150 million (€114 million) for acquisitions in central Asia.
The company, already listed in Toronto, will sell new
dollar-denominated shares, while existing shareholders the Mukashev
family will offer part of their stake to banks managing the sale, said
Tim Read, chairman of Eurasia Gold Inc. Nomura International and
Uralsib Financial Corp. will manage the sale. „We're going from a
Kazakh miner to a central Asia-wide approach,” Read said by telephone
from London.
„We'll end up as a $450 million to $500 million (€381 million)
company, fully cashed up to develop new assets.” Eurasia plans to
increase its output from 66,000 ounces of gold last year to 350,000
ounces of gold equivalent by 2010 by buying a gold-copper project in
Kyrgyzstan and a silver project in Tajikistan. The company's output
will be two-thirds gold and the rest mainly copper, Read said.
The projects are owned by the Eurasia Gold founder Kumar Mukashev and
his family, who hold a controlling 54% stake in the Toronto-based
company. Vekselberg holds about 24% through his Renova investment
vehicle, and that will drop to 12% after the London sale, Read said.
„He's not cashing out,” Read said, adding that the Russian billionaire
signed a so-called lock-in agreement not to sell his Eurasia shares.
The Mukashev family's stake will stay at „just over 50%” since it owns
the Kyrgyz and the Tajik projects being acquired by Eurasia, Read
said. The family will not be voting on the related party transaction
when it is set for approval before Eurasia's shareholders this month,
he said. Eurasia will offer shares to investors in Europe and the US
About $50 million from the sale will be invested in each of the new
projects, the Bozymchak deposit in Kyrgyzstan and the Akjilga mine in
Tajikistan, Read said. (Bloomberg)
Kazakh joins metal billionaire ranks
The Times October 08, 2005
By Peter Klinger
VLADIMIR KIM, the Kazakh entrepreneur, joined the rapidly
expanding ranks of metal billionaires yesterday after
the stunning debut of his copper company on
the London Stock Exchange.
Spurred on by record copper prices, City investors discarded
any fears over Kazakhstan’s political risk or Mr Kim’s lack
of experience in running a public company,
to buy £661 million of Kazakhmys shares.
The institutional demand outstripped the size of Kazakhmys’s
initial public offering (IPO), triggering a scramble for
the copper miner’s shares when conditional trading started
yesterday.
*
The shares, priced at 540p each, towards the upper end
of the 460p-545p indicative range, traded as high as 615p
before closing at 561½p, valuing Kazakhmys at £2.6 billion.
EURO - has very few Gold mines -
Eurasia Gold Mines will become EURO's -
The Last Frontier - New Klondike -
Eurasia Gold Mines - producing low Gold Mines -
and many Gold, Silver and Copper Mines projects -
should be much more attractive than the prev.
copper proj.? -
The King with the GOLD -
makes the rules -
_________________________________________
Looks like the market likes that news.
Eurasia Gold to sell shares in London next month
EURASIA GOLD INC (EGX:TSX)
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Marke...
26 Feb 2007
Eurasia Gold Inc., a Kazakh-based gold miner part-owned by billionaire
Viktor Vekselberg, plans to sell shares in London next month to raise
as much as $150 million (€114 million) for acquisitions in central Asia.
The company, already listed in Toronto, will sell new
dollar-denominated shares, while existing shareholders the Mukashev
family will offer part of their stake to banks managing the sale, said
Tim Read, chairman of Eurasia Gold Inc. Nomura International and
Uralsib Financial Corp. will manage the sale. „We're going from a
Kazakh miner to a central Asia-wide approach,” Read said by telephone
from London.
„We'll end up as a $450 million to $500 million (€381 million)
company, fully cashed up to develop new assets.” Eurasia plans to
increase its output from 66,000 ounces of gold last year to 350,000
ounces of gold equivalent by 2010 by buying a gold-copper project in
Kyrgyzstan and a silver project in Tajikistan. The company's output
will be two-thirds gold and the rest mainly copper, Read said.
The projects are owned by the Eurasia Gold founder Kumar Mukashev and
his family, who hold a controlling 54% stake in the Toronto-based
company. Vekselberg holds about 24% through his Renova investment
vehicle, and that will drop to 12% after the London sale, Read said.
„He's not cashing out,” Read said, adding that the Russian billionaire
signed a so-called lock-in agreement not to sell his Eurasia shares.
The Mukashev family's stake will stay at „just over 50%” since it owns
the Kyrgyz and the Tajik projects being acquired by Eurasia, Read
said. The family will not be voting on the related party transaction
when it is set for approval before Eurasia's shareholders this month,
he said. Eurasia will offer shares to investors in Europe and the US
About $50 million from the sale will be invested in each of the new
projects, the Bozymchak deposit in Kyrgyzstan and the Akjilga mine in
Tajikistan, Read said. (Bloomberg)
EURASIA GOLD INC (EGX:TSX)
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Marke...
-----------------------------------------------------------------------
Listing Main Market - London Stock Exchange -
Share Offering and Overseas Listing -
The Company is contemplating a share offering to fund
the development of its new projects and the possibility
of a listing on the Main Market of -
the London Stock Exchange.
Eurasia has appointed Nomura International and URALSIB
Financial Corporation as its advisors in this process.
The Company and its advisors will continue to assess
the timing and quantum for such a potential
share offering.
Corporate Governance
The Company has formalized its corporate policies with
a view to complying to the extent possible with the best
corporate governance practices in the United Kingdom,
as well as Canada.
This includes the following changes:
<<
- Restructuring of the Board of Directors to comply with
the UK
Combined Code;
- Creating new terms of reference for its Board Committees
in compliance with the UK Combined Code, as well as adopting
the UK Model Code;
- Ceasing related party transactions, other than the Acquisition,
by entering into a Non-Competition Agreement with its
majority shareholders;
- Limiting the control of the majority shareholder
and avoiding conflicts of interest by entering into a
Relationship Agreement with it major corporate shareholders,
certain members of the Mukashev family and Aman Adilkhanov;
and
- Adopting pre-emption rights following the Continuance.
>>
Appendix: Brief CVs of Tim Read and Stuart Leighton
Tim Read, age 59 (Non-executive Chairman Designate).
Mr. Read was conditionally appointed Independent Non-executive
Director and "Chairman Designate" on February 12, 2007,
effective as of the time of the Continuance.
Prior to joining the Board, Mr. Read was President and
Chief Executive Officer of Adastra Minerals, a Canadian mining
company with operations in Central Africa, between 1999 and 2006
and Managing Director and Joint Head of Mining Investment Banking
at Merrill Lynch International between 1995 and 1999.
Mr. Read obtained a Bachelor in Economics from the University
of Strathclyde, Glasgow in 1968 and is a Fellow of
the Securities and Investments Institute.
Stuart Leighton, age 38 (Non-executive Director).
Mr. Leighton was appointed Independent Non-executive Director
on February 12, 2007, effective as of the date of
the Continuance.
Prior to joining the Board, Mr Leighton was a partner at
Deloitte & Touche CIS between 1999 and 2006.
Mr Leighton obtained a Bachelor of Science in Accounting
from Napier University, Edinburgh in 1989.
This news release contains forward-looking statements contained that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release include, but are not limited to, completion of the Acquisition, completion of the Continuance and the realization of mineral resource estimates. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Eurasia's public documents filed on SEDAR. Although Eurasia believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Eurasia disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This document is only addressed to and directed at persons
in member states of the European Economic Area who are
"qualified investors" within the meaning of Article 2(1)(e)
of the Prospectus Directive (Directive 2003/71/EC) (("Qualified
Investors").
In addition, in the United Kingdom, this document is being
distributed only to and is directed only at Qualified Investors
(a) who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order) or
(b) who are high net worth entities falling within Article 49
of the Order, and any other persons to whom it may otherwise
lawfully be communicated
(all such persons together referred to as "relevant persons").
Any investment or investment activity to which this document
relates is available only to
(i) in the United Kingdom, relevant persons, and
(ii) in any member state of the European Economic Area other
than the United Kingdom, Qualified Investors, and will be
engaged in only with such persons.
The qualified person, as such term is defined in National Instrument
43-101 - Standards of Disclosure for Minerals Projects
("NI 43-101"), who prepared the Technical Report was
Dr. Phil Newall (BSc, PhD, FIMMM, C. Eng.).
Dr. Newall is independent of the Company for the purposes
of NI 43-101.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
These materials are not for distribution, directly or indirectly,
in or into the United States, Australia, or Japan.
This document does not constitute an offer of securities for sale
in the United States, nor may any securities be offered or sold
in the United States absent registration or an exemption from
registration as provided in the US Securities Act of 1933, and
the rules and regulations thereunder.
No securities are being registered for offer or sale in
the United States and no public offering of any securities
in the United States will be made.
The information contained herein does not constitute an offer
to sell or the solicitation of an offer to buy nor shall there
by any sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration, exemption of registration or qualification under
the securities laws of any such jurisdiction.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information
contained herein.
SOURCE: Eurasia Gold Inc.
Baltabek Mukashev, President and CEO, + 7 3272 37 83 06,
baltabek.mukashev@almaty.eurasiagold.com;
Eurasia Gold Inc.,
(416) 504-2899,
info@eurasiagold.com
TORONTO, Feb. 12 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX) is announcing that it has entered into a share purchase agreement (the "Share Purchase Agreement") principally with companies controlled by Mr. Kumar Mukashev, a director of Eurasia, to acquire entities which hold or will acquire 100% of the rights to the Bozymchak Gold-Silver-Copper Project in Kyrgyzstan and to the Akjilga Silver Project in Tajikistan (the "Acquisition"). The Share Purchase Agreement provides for a purchase price of US$167,806,739 which will be paid by issuing 169,249,163 shares of Eurasia. Subject to conditions precedent including the completion of an offering of new shares, closing of the Acquisition is expected in early March, 2007.
Acquisition of the Bozymchak and Akjilga Projects
The Acquisition is a "related party transaction" within the meaning of OSC Rule 61-501 ("Rule 61-501") and, as such, requires the preparation of an independent formal valuation. As well, the Acquisition must be approved by a majority of votes cast at a meeting of Eurasia's shareholders present in person or by proxy, excluding votes cast by those Eurasia shareholders required to be excluded pursuant to the minority approval provisions of Rule 61-501. The 83,999,155 shares beneficially owned or controlled by Mr. Mukashev, directly or indirectly, will be excluded for this purpose.
The Board of Directors has established a special committee of independent directors consisting of Graham Bevan, Neil Steenberg, and Patrick Evans (the "Special Committee"), to supervise the negotiation of the Share Purchase Agreement. The Special Committee engaged Haywood Securities Inc. ("Haywood") to prepare a formal valuation of the shares of the entities to be acquired in accordance with Rule 61-501 (the "Formal Valuation"). The purchase price is within the range of fair values established by Haywood in the Formal Valuation. The Special Committee considered, based upon discussions with Haywood, to recommend the Acquisition to the Board of Directors. The Board of Directors has approved the Share Purchase Agreement and Acquisition and unanimously recommends that Eurasia shareholders vote in favour.
A special meeting of shareholders has been called for March 13th, 2007 (the "Meeting") to consider the Acquisition. The Meeting will be held at the Ridout Room, Toronto Board of Trade, 1 First Canadian Place, Toronto, Ontario, Canada, M5X 1C1, on the 13th day of March, 2007 at the hour of ten o'clock in the morning (Toronto time). Notice of the meeting and accompanying management information circular are expected to be mailed to shareholders on or about February 13, 2007.
Ansley Financial Holdings Ltd. ("Ansley"), has entered into a voting agreement with Eurasia, whereby Ansley has agreed to vote the shares of Eurasia that it beneficially owns in favour of the Acquisition, as well as the Continuance (as defined below). Ansley beneficially owns or has control or direction over 38,129,418 shares of Eurasia, representing 24.9% of the current issued and outstanding shares of Eurasia.
The Bozymchak Project
The Bozymchak deposit of gold, copper and silver is located in the Alabuka region Jalalabad district, Kyrgyzstan. The deposit area occupies a part of the 1,600 hectare license area close to the Uzbek border. The deposit can be accessed by 16km of gravel and 24km of tarred roads from the Uzbek border. Heavy transport can reach the site on a year round basis.
The Bozymchak deposit was first investigated in 1951 by the Gava-Sumsar geological field party (Uzbek Geological Administration). The deposit was explored by a number of organizations from the 1950's to the late 1990's. The gold, copper and silver resources were not registered in Kyrgyzstan's balance until 2000, when a further estimate of the opencast 'resources' of the central section and a preliminary technical and economic assessment were made.
A licence for geological exploration was issued on February 3, 2005 and is valid until December 31, 2008. As well, a licence to develop the central part of the Bozymchak deposit was also issued and which is valid until September 5, 2008. Eurasia will indirectly acquire these rights as a result of the Acquisition.
As at December 2006, the Bozymchak Project had a measured mineral resource of 2,782Kt grading 1.55g/t Au, 0.85% Cu and 9.80g/t Ag for total measured resources of 4,308 Kg Au, 23 Kt Cu and 27 t Ag. Indicated mineral resources were 10,938Kt grading 1.49 g/t Au, 0.80% Cu and 9.45 g/t Ag for total indicated resources of 16,244 Kg Au, 87 Kt Cu, and 103 t Ag. There was an additional 7,909 Kt of resources in the inferred category grading 1.31 g/t Au, 0.73% Cu, and 8.72 g/t Ag for total inferred resources of 10,396 Kg Au, 57 Kt Cu, and 69 t Ag. All mineral resource and reserve estimates presented in this press release have been prepared in accordance with the JORC Code, which is equivalent to CIM standards.
The Bozymchak Project is the subject of a technical report entitled Technical Report on the Bozymchak Project, Western Kyrgyzstan (the "Technical Report") dated January 2007, prepared by Wardell Armstrong International ("WAI"), an independent mining consulting company, which will be filed with Canadian Securities Administrators (CSA) on the System for Electronic Document Analysis and Retrieval (SEDAR). The information set out in this press release relating to the Bozymchak Project is derived from the Technical Report.
The Akjilga Project
The Akjilga silver deposit is located in the Pamir Mountains within the Maunting Badakshan region, Tajikistan. The Akjilga licence agreement incorporates two separate areas, totalling 8400 hectares. The Akjilga property could be made accessible all year round, although additional operating costs will be incurred as a result of the high elevation and remoteness of the site. The region has been under systematic geological study since 1934. The majority of the exploration work at Akjilga was undertaken during the Soviet period and therefore much of the usual detailed sampling information and quality control data are not readily available or verifiable. The Soviet era prospecting was completed in 1992. All available data of the 1992 exploration report (in Russian) which contains all geological details, assays results and cross sections and plans showing the geological interpretation have been prepared according to Soviet standards and do not comply with reporting standards of Canadian securities laws and, as such, are not disclosed in this press release.
Mizek Project
Eurasia has commissioned Wardell Armstrong International Limited ("WAI") to undertake a re-classification of the sulphides deposit at its existing Mizek property to meet JORC standards and to produce a revised NI 43-101 technical report for the Mizek project. In 2004 Steffen, Robertson and Kirsten (Canada) Inc. ("SRK") completed a re-classification of the Mizek sulphide deposit to meet CIM standards based on a comparison between Russian-classified "Reserves" and NI 43-101, using a gold equivalent cut-off grade of 3g/t (based on both gold and copper mineralisation). The WAI JORC reclassification updates this work, based on a gold cut-off grade of 0.5g/t and a full remodelling of the Mizek suphides geological database, including new geostatistical interpretations from the resultant model and the transition between oxide and sulphide zones.
Based on the WAI reclassification, the Mizek sulphides deposit had a JORC measured mineral resource of 37Kt grading 1.59g/t for total measured resources of 59Kg, plus an indicated mineral resource of 6,452Kt grading 1.70 g/t Au for total indicated resources of 10,963Kg Au. In addition, the Mizek sulphides had 27,752Kt of resources in the inferred category grading 1.77 g/t Au for total inferred resources of 49,234 Kg Au. The Mizek oxides deposit had a JORC measured mineral resource of 5Kt grading 1.80g/t Au for total measured resources of 10Kg Au, an indicated mineral resources of 606Kt grading 1.89 g/t Au for total indicated resources of 1,145Kg Au and an inferred mineral resource of 1,012Kt grading 1.53 g/t Au for total inferred resources of 1,548 Kg Au. A revised NI 43-101 technical report for Mizek will be filed within the prescribed period.
Happy Valentine Day, Rossi -
its some EGX info -
on the link below -
http://tinyurl.com/2ufqcj
Love
Looks like there was a trading halt in EGX shares yesterday.I have not discovered what that was about .We are up 10% today but so are some similar stocks.
Thanks for that.Looks like the market is dissappointed with that.
Eurasia Gold Inc. TSX symbol: EGX - 3QR. -
Eurasia Gold - 3Q R 2006 - snippet -
Leaching operations for the nine months ended
September 30, 2006 were as follows:
Recoverable Gold to Pad -
Central Mukur
Recoverable gold on the pad as at
December 31, 2005 Ounces 4,979
Additions to pad during 9 months 2006 Ounces 19,785
Less: gold precipitated Ounces (18,582)
Recoverable gold on the pad as at Sep 30, 2006 Ounces 6,182
Mizek and Charsk Gold -
Recoverable gold on the pad as at
December 31, 2005 Ounces 28,567
Additions to pad during 6 months 2006 Ounces 41,098
Less: gold precipitated Ounces (24,457)
Recoverable gold on the pad as at Sep 30, 2006 Ounces 45,208
Gold on Resin/Carbon
Central Mukur
Gold on resin at December 31, 2005 Ounces 1,658
Plus: gold precipitated during 9 months 2006 Ounces 18,602
Less: cathode gold delivered for processing Ounces (17,317)
Gold on resin as at Sep 30, 2006 Ounces 2,943
Mizek and Charsk Gold
Gold on carbon at December 31, 2005 Ounces 1,741
Plus: gold precipitated during 9 months 2006 Ounces 24,457
Less: cathode gold delivered for processing Ounces (23,138)
Gold on carbon as at Sep 30, 2006 Ounces 3,060
Eurasia Gold Inc.
Notes to Financial Statements
(in thousands of U.S. dollars, unaudited)
Gold in Process/Gold Sold
Central Mukur
Gold at plant and refinery as at December 31, 2005 Ounces 996
Plus: cathode gold delivered for processing during 9
months 2006 Ounces 18,292
Less: gold sold during 9 months Ounces (18,256)
Gold in process at plant and refinery at Sep 30, 2006 Ounces 1,032
Mizek and Charsk Gold
Gold at plant and refinery as at December 31, 2005 Ounces -
Plus: cathode gold delivered for processing during 9
months 2005 Ounces 23,138
Less: gold sold during 9 months Ounces (23,130)
Gold in process at plant and refinery at Sep 30, 2006 Ounces 8
Corporate Interim Chief Financial Officer
The Board of Directors of the Company is pleased to announce
the appointment of Mr. Yerlan Mukashev as
Interim Chief Financial Officer of the Company,
subject to receipt of necessary
regulatory and stock exchange approvals.
The appointment of Mr. Mukashev follows the
resignation Mr. Ismail Nishanbayev as Chief Financial Officer
of the Company during
September 2006.
Mr. Mukashev brings with him a background in finance and
previously served as the Finance Director of JSC Charaltyn,
a wholly owned subsidiary of the Company.
Mr. Mukashev holds a
Master of Business Administration degree from
the Russian Business Academy, Moscow
University.
The Board of Directors of the Company wishes
Mr. Nishanbayev every success in the future
and would like to thank him for his commitment
and contribution to the Company.
Financial results at September 30, 2006
The reverse takeover (occurred on May 23, 2006)
financial results are based on the combination of assets
and liabilities of both Eurasia Gold and Charaltyn, net of
intercompany transactions.
Eurasia Gold’s
revenues and expenses are included in the consolidated
operations statement from May 23, 2006.
Accordingly, all comparative information is that of Charaltyn
JSC. Charaltyn JSC’s prior period
financial statements were prepared in accordance with
International Financial Reporting Standards
(“IFRS”).
The review of Charaltyn’s financial statements
showed no significant differences between
GAAP and IFRS
that would require material adjustments in order for
Charaltyn financial statements to
conform to GAAP.
Eurasia Gold Inc. TSX symbol: EGX -
http://tinyurl.com/yfbltn
http://www.tsx.com/HttpController?GetPage=QuotesLookupPage&DetailedView=DetailedPrices&Marke....
copy and paste
Kazakhstan
Investors who feel anxious about the Varvarinskoye project’s location need to look at the reality. Kazakhstan is not like the other Stans or Russia, and with its considerable newfound energy patrimony in the Caspian Sea, is coming onto the world stage, and not in kleptocracy mode.
There have been a number of centi-million and billion dollar Kazakhstan mining IPOs of late primarily in the London market, and considerable mining investment in the country. Investors should keep the following in mind:
Kazakhstan has a GDP higher than all of the other Stans combined.
By 2010 the nation’s goal is to have a GDP per capita of $5,800 per head, on a par with Czech Republic, Hungary, and Poland.
The country has the same bond rating as Mexico.
There is no reason to believe that a threat exists to the mining industry in Kazakhstan or that there is any threat to Varvarinskoye on a project specific basis
I hope you are right.My dd tells me this company has huge resources {mostly undeveloped}.With good management they could become a significant producer.We know what crooked managers can do to any company.I am going to hold on and hope the Khazaks can get their act together.I laugh when I see people pumping mining companies in places like the Philippines,or Indonesia.Those people are so crooked they cant lie straight in their beds at night.
Mr Nursultan Nazarbayev, President of the Republic of Kazakhstan -
today opened the markets at the London Stock Exchange -
Mr Nazarbayev was accompanied by key members of the Kazakh government
and representatives of leading UK and Kazakh financial institutions,
including London-listed companies with significant interests in
Kazakhstan, Kazakhmys PLC and JSC Kazmunaigas.
The event formed part of the programme for Mr Nazarbayev's
official visit to the UK, and marks a strengthening -
relationship between the UK and Kazakhstan's -
financial markets.
This relationship was formalised by the signing of a co-operation
agreement between the London Stock Exchange and the Regional
Financial Centre of Almaty (RFCA).
The Exchange and the RFCA will hold a Central Asian Capital
Markets Conference in Almaty on 1-2 February 2007.
For further information about the conference go to -
http://www.centralasianipo.com.
Four Kazakh companies are currently listed on the London Stock
Exchange’s Main Market, and a further 10 companies with operations
in Kazakhstan are quoted on AIM -
Kazakh companies have raised a total of $4.2 billion,
most recently JSC Kazkommertsbank, on the Main Market
and AIM in the past two years -
http://www.londonstockexchange.com/en-gb/about/cooverview/thesource/
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.centralasianipo.com/
REGIONAL FINANCIAL CENTER OF ALMATY
http://www.centralasianipo.com/rfca.html
To 'rossi' on 'Eurasia Gold Corp. (EGX:TSX-V)' -
Hi rossi -
RE: No activity on this board -
because no one knows what is going on.
True, its a lack of communications -
The Khazaks may have some difficulties with English -
but the IR in Toronto is not doing the PR etc. needed
for a TSX listed company -
most blame should go to the current management who
followed in the tracks of the old with Graham Bevan -
who don't know anything about PR or about the
communication to Shareholders -
he is doing nothing and has done nothing -
as the past CEO when it comes to communications -
to the Long Shareholders -
he more or less have acted like a clown nss basher -
not much better -
RE: Are those damn Khazaks slipping the gold -
out the back door?
No, I don't think so - for they have increased -
the Gold production each year in the last 10 years -
and lowered the production costs -
to become a profitable Gold producing company -
they are hard working with low labour costs -
more with very good spirit of Liberty - Freedom -
after they become free from the absolute
slavedrivers of ussr's bolshevikz tyrrantz -
bureauc-rats -
rossi - soon we will see Q3Reports -
which have the combined Gold production -
with the Charlatyn the company -
Eurasia Gold bought - in front of -
the russian Victor Vekselberg -
who wanted it all but only got 25% of Charlatyn -
for $75 million in Sept. 2005 -
Victor may be buying anything available -
for he looking for Gold and have very little other Au
production compared to his steel
and aluminum smelters in russia etc.
dd ...
http://www.eurasiagold.com/
No activity on this board because no one knows what is going on.Are those damn Khazaks slipping the gold out the back door?
Eurasia Gold Inc. DL (6/30/2006 4:42 PM)
T.EGX Last: 2.25 Change: +0.60(+36.36%)
Volume: 41.45 k Last Trade: 3:55
http://www.investorshub.com/boards/quotes.asp?ticker=t.egx
http://www.investorshub.com/boards/board.asp?board_id=5879
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.investorshub.com/boards/board.asp?board_id=5452
Dear Sir:
Egx has drawn in all it's old shares and is about to reisssue new shares. Effectively,they have become a new company. They will be issueing the new shares this evening to our accounts. The shareholders of this company have brought us to a new stock exchange. The senior board in Canada and I for one am very proud of those who have brought us this most wonderful place. Needless to say, Egx has been falling in price, but have you noticed the very small volume of shares being sold. Makes you think ... why are people holding on to their shares?
I think because they are going to be very valuable very soon. So please be positive and wait or sell us your shares and you won't have to worry any more.
Eurasia Gold Inc. - EGX -
EGX Euro-Asia Gold -
Euro Klondike -
EGX:TSX -
http://tinyurl.com/r4bzz
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.investorshub.com/boards/board.asp?board_id=5452
Not happy.Cant help feeling that there is some crooked game going on with this stock.
Notification
25 May 2006
Reverse Split -Eurasia Gold Inc.
Dear Trader,
There was a 1 for 10 reverse split in the security EGX (CN).
The split should have occurred on May 25, 2006, however the shares were not adjusted in your account. The reverse split will be processed this evening for all affected accounts.
****Please note that shares closed on May 25, 2006 would have been made on an inaccurate position which may result in a short position in the account.
Eurasia Gold Inc. *** News and Filings ***
As of 5/25/2006 1:00 PM
http://www.investorshub.com/boards/quotes.asp?ticker=FMNJ&qm_page=34066&qm_symbol=t.egx
http://tinyurl.com/lw9z6
Eurasia Gold Corp. completes acquisition of JSC Charaltyn
and changes name to - Eurasia Gold Inc. -
Tuesday May 23, 2:44 pm ET
TORONTO, May 23 /CNW/ -
Eurasia Gold Inc.
(TSX-V:EGX - News; formerly Eurasia Gold Corp.) -
(the "Company") - is pleased to announce the completion
of the acquisition (the "Acquisition") of
JSC Charaltyn,
a Kazakhstan mining and resource company,
and related transactions, as announced on
August 24, 2005 -
and as principally described in the Company's
information circular dated November 22, 2005.
In connection with completion of the Acquisition,
the Company consolidated its issued capital on
the basis of one post-consolidation share for
every ten pre-consolidation shares and continued
its corporate existence from the Yukon Territory
to the federal jurisdiction under the Canada
Business Corporations Act.
In addition, the new name of
the Company is -
- "Eurasia Gold Inc." -.
Pursuant to the Acquisition, the Company acquired
all of the issued and outstanding shares of
JSC Charaltyn Company -
http://biz.yahoo.com/cnw/060523/eurasia_gold_jsc_acq.html?.v=1
Looks like trading still halted.
Tuesday May 23, 2:44 pm ET
TORONTO, May 23 /CNW/ - Eurasia Gold Inc. (TSX-V:EGX - News; formerly Eurasia Gold Corp.) (the "Company") is pleased to announce the completion of the acquisition (the "Acquisition") of JSC Charaltyn, a Kazakhstan mining and resource company, and related transactions, as announced on August 24, 2005 and as principally described in the Company's information circular dated November 22, 2005.
ADVERTISEMENT
In connection with completion of the Acquisition, the Company consolidated its issued capital on the basis of one post-consolidation share for every ten pre-consolidation shares and continued its corporate existence from the Yukon Territory to the federal jurisdiction under the Canada Business Corporations Act. In addition, the new name of the Company is "Eurasia Gold Inc.". Pursuant to the Acquisition, the Company acquired all of the issued and outstanding shares of JSC Charaltyn in consideration for the issuance of 141,296,970 post-consolidation shares of the Company to the former shareholders of JSC Charaltyn. There are 153,130,195 issued and outstanding common shares of the Company after giving effect to the Acquisition, of which 86,341,283 common shares will be held in escrow pursuant to the escrow policy of the Toronto Stock Exchange.
Effective at the opening of trading on May 25, 2006, the common shares of the Company will commence trading on the Toronto Stock Exchange under the symbol "EGX", and will be de-listed from the TSX Venture Exchange.
Directors and Officers of Eurasia Gold Inc.
The board of directors of the Company now consists of Kumar E. Mukashev, Baltabek K. Mukashev, Graham Bevan, Aman Adilkhanov, Neil J.F. Steenberg, Patrick Evans and Richard Lachcik. Kumar E. Mukashev serves as Chairman of the board of directors, Baltabek K. Mukashev serves as President and Chief Executive Officer of the Company and Ismail Nishanbayev serves as Chief Financial Officer of the Company.
The suspense is killing me.
Toronto listing?
Buyout?
Eurasia Gold Corp. - Trading Halt -
Market Regulation Services - Trading Halt -
Eurasia Gold Corp. -
EGX - May 19, 2006 - 4:07 PM EDT
V.EGX 0.28 0.03
VANCOUVER, May 19 /CNW/ - The following issues have been halted by Market
Regulation Services (RS):
Issuer Name: Eurasia Gold Corp.
TSXV Ticker Symbol: EGX
Time of Halt: 15:54 EST
Reason for Halt: Company Request Pending News
Source: Canada NewsWire (May 19, 2006 - 4:07 PM EDT)
News by QuoteMedia
www.quotemedia.com
China Urged to Quadruple Gold Reserves (Reuters 5/9) -
Chinese economists are urging Beijing to quadruple
its Gold Reserves to 2,500 tonnes from the current
600 tonnes because the country foreign exchange
reserves had become the world's largest, an
official industry newspaper reported.
"More Gold Reserves will help the government prevent
risks and handle emergencies in case of future
possible turbulence in the international political
and economic situation," the paper said, citing
Tan Yaling, a researcher with the Bank of China.
A weak dollar had also made more gold holdings
necessary... China has been trying to gradually
diversify its reserve holdings away from the dollar.
RE: Eurasia EURO Gold $703.00 per ounce -
Rhodium $4990.00 per ounce - Gold will follow -
Viktor Vekselberg Renova want Charaltyn -
because he knows its the richest Gold projects
in the world -
that the price a firesale bargain at a dime
on the fiatdollar -
he will be back to buy more -
Eurasia TKA - refused to sale him more -
TKA - maybe Thyssen Krupp holding -
using ally-caretaker -
to keep their unions out -
to me a demand from Viktor, TKA -
russia and the rest of EURO -
will blow the Eurasia Gold -
from $0.45 - 4.50 - 45 - 450 -
no doubt -
Eurasia the new Klondike in EURO
the Last Frontier -
with 100's of Gold deposits - only
drilled to 300' but still classified
as Gold deposits which can be mined
for a profit by russian engineers who
did explorations for 50 years with soviets
ussr gov. fundz -
thanks Nobel - good info.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
PRESS: Russia's Renova close to buying 25% in Kazakh gold co
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Eurasia EURO Gold Klondike -
Nobel, Viktor Vekselberg Renova want Charaltyn -
because he knows its the richest Gold projects
in the world -
that the price a firesale bargain at a dime
on the fiatdollar -
he will be back to buy more -
Eurasia TKA - refused to sale him more -
TKA - maybe Thyssen Krupp holding -
using ally-caretaker -
to keep their unions out -
to me a demand from Viktor, TKA -
russia and the rest of EURO -
will blow the Eurasia Gold -
from $0.45 - 4.50 - 45 - 450 -
no doubt -
Eurasia the new Klondike in EURO
the Last Frontier -
with 100's of Gold deposits - only
drilled to 300' but still classified
as Gold deposits which can be mined
for a profit by russian engineers who
did explorations for 50 years with soviets
ussr gov. fundz -
thanks Nobel - good info.
posted by Wheeler.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
PRESS: Russia's Renova close to buying 25% in Kazakh gold co
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati...
Renova-Capital, affiliated with Russia's Renova group,
is about to close a deal to purchase about 25% in Kazakh gold
producer Charaltyn, Vedomosti business daily reported Tuesday
citing three independent unspecified sources
close to the deal.
Alexander Yakubov, analyst with CenterInvest Securities,
told Vedomosti that Charaltyn could cost up to U.S. $300 million.
In this case, the price for a 25% stake might be $75 million,
he said.
Renova Capital’s Managing Director Oleg Tsarkov declined
to comment on the deal.
But Kirill Lipa, managing director of Aton's investment
banking department, told Vedomosti he confirms that
Renova Capital is in talks to buy the stake.
Aton is acting as a consultant to Charaltyn,
the newspaper said.
On August 24, Charaltyn announced its plans to merge
with Canada's Eurasia Gold, Vedomosti said.
If Renova manages to buy the stake in Charaltyn,
it would get a chance to become a shareholder in Eurasia Gold,
which is listed on the Toronto stock exchange,
Vedomosti said.
Charaltyn is currently developing Kazakh gold deposits
with estimated reserves of about 85 tonnes.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg.
Prime-TASS
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati...
Renova
http://nccg.ru/en/site.xp/050048054124.html
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati...
Fund Rises $21Bln in H1
Aug 30, 2005
Billionaire Viktor Vekselberg's
holding company, Renova, agreed
to buy 25 percent of Kazakh gold producer
Charaltyn, Interfax reported,
- The Moscow Times,
--
UrAsia Energy Ltd.
The company's board of directors
includes Ian Telfer as its non-executive Chairman.
http://www.freemarketnews.com/eRADIOLaunch.asp?rid=350
,
Btw.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
EGX - old post - Renova buys Aug. 2005 -
PRESS: Russia's Renova close to buying 25%
in Kazakh gold co -
http://tinyurl.com/dba8c
Renova-Capital, affiliated with Russia's Renova
group, is about to close a deal to purchase
about 25% in Kazakh gold producer Charaltyn,
Vedomosti business daily reported Tuesday
citing three independent unspecified sources
close to the deal.
Alexander Yakubov, analyst with CenterInvest
Securities,
told Vedomosti that Charaltyn could cost up
to U.S. $300 million.
In this case, the price for a 25% stake
might be $75 million, he said.
Renova Capital’s Managing Director Oleg Tsarkov
declined to comment on the deal.
But Kirill Lipa, managing director of Aton's investment
banking department, told Vedomosti he confirms that
Renova Capital is in talks to buy the stake.
Aton is acting as a consultant to Charaltyn,
the newspaper said.
On August 24, Charaltyn announced its plans to merge
with Canada's Eurasia Gold, Vedomosti said.
If Renova manages to buy the stake in Charaltyn,
it would get a chance to become a shareholder in Eurasia Gold,
which is listed on the Toronto stock exchange,
Vedomosti said.
Charaltyn is currently developing Kazakh gold deposits
with estimated reserves of about 85 tonnes.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg.
Prime-TASS
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Renova
http://nccg.ru/en/site.xp/050048054124.html
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Fund Rises $21Bln in H1
Aug 30, 2005
Billionaire Viktor Vekselberg's
holding company, Renova, agreed
to buy 25 percent of Kazakh gold producer
Charaltyn, Interfax reported,
- The Moscow Times,
--
UrAsia Energy Ltd.
The company's board of directors
includes Ian Telfer as its non-executive Chairman.
http://www.freemarketnews.com/eRADIOLaunch.asp?rid=350
,
Btw.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
Posted By: Nobel1
at another forum
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