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Horvik Limited will receive 95% of shares of Trans-Siberian Gold
Horvik Limited owned by Vladislav Sviblov will receive 95% of the shares of Trans-Siberian Gold (TSG). The buyback price per share is £ 1,18.
As the NEDRADV, the shareholders of the gold mining company TSG agreed to sell 47,05% of their own shares. The offer is valid until 23 July. As a result of the offer, Vladislav Sviblov will receive a total of 95,62% of the shares, taking into account the existing ones. Horvik plans to delist securities from the London Stock Exchange. This right gives her the ownership of a share exceeding 75%.
The total cost of TSG is estimated at £ 108,4 million. Trans-Siberian Gold Plc is developing the reserves of the Asachinsky gold deposit in the Elizovsky district of the Kamchatka Territory through its subsidiary - TSG Asacha JSC (formerly “Trevozhnoye Zarevo”).