21 June 2007
21 June 2007
Kazakhmys extends offer for Eurasia Gold Inc.
Kazakhmys PLC ("Kazakhmys") (LSE:KAZ) announced today that Kazakhmys Gold Inc.,
an indirect wholly-owned subsidiary of Kazakhmys, has extended its offer for
100% of the ordinary shares of Eurasia Gold Inc. ("Eurasia") dated 15 May, 2007
(the "Offer"). The Offer is now open for acceptance until 5:00 p.m. (Toronto
time) on 4 July, 2007, unless further extended or withdrawn.
The Offer was extended in order to allow time for the satisfaction of the
condition relating to receipt of necessary regulatory approvals and to allow
additional shares to be tendered under the Offer.
Kazakhmys also announces that the condition whereby all outstanding options of
Eurasia be exercised or cancelled at or prior to the expiry time of the Offer
had been waived by Kazakhmys Gold Inc.
Except for the above variation and extension, the terms and conditions set forth
in the Offer continue to apply in all respects. In this context, Kazakhmys Gold
Inc. will mail a Notice of Variation and Extension (the "Notice") to all persons
to whom the Offer to Purchase and Circular was required to be delivered.
Eurasia shareholders are advised to read the Notice, the Offer to Purchase and
Circular, the Directors' Circular and related documents which have been filed
with the Canadian securities commission as they contain important information.
Shareholders may obtain a copy of the material (when available) at the Canadian
SEDAR web site at www.sedar.com.
For further information please contact:
Jinsoo Yang, Head of Investor Relations
Sergei Stephantsov, Deputy Head of Investor Relations
Kazakhmys PLC Tel:+44 20 7901 7800
Finsbury Tel:+44 20 7251 3801
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Notes to Editors
Kazakhmys is a London-listed natural resources company with primary operations
in Kazakhstan and Germany. Kazakhmys' operations are vertically integrated and
its principal business is the mining, processing, smelting, refining and sale of
copper and copper products as well as various by-products such as zinc, gold and
silver. Kazakhmys operates 19 open pit and underground mines and two smelting
and refining complexes in Kazakhstan and a copper products fabrication company
Kazakhmys is listed on the London Stock Exchange under the symbol KAZ. For
further information, visit the website at www.kazakhmys.com.
Forward looking information
This press release contains certain forward-looking information and statements
within the meaning of applicable securities laws relating, but not limited, to
operations, anticipated or prospective financial performance, results of
operations, business prospects and strategies of Kazakhmys. Forward-looking
information typically contains statements with words such as "consider",
"anticipate", "believe", "expect", "plan", "intend", "likely" or similar words
suggesting future outcomes or statements regarding an outlook on future changes
in volumes, freight rates, costs, achievable cost savings, the estimated amounts
and timing of capital expenditures, anticipated future debt levels and incentive
fees or revenue, or other expectations, beliefs, plans, objectives, assumptions,
intentions or statements about future events or performance.
These statements are subject to known and unknown risks, uncertainties and other
factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. Although Kazakhmys believes it has
a reasonable basis for making the forecasts or projections included herein, you
are cautioned not to place undue reliance on such forward-looking information.
By its nature, the forward-looking information involves numerous assumptions,
inherent risks and uncertainties, both general and specific that contributes to
the possibility that the predictions, forecasts and other forward-looking
statements will not occur. Kazakhmys undertakes no obligation, except as
required by law, to update publicly or otherwise revise any forward-looking
information, whether as a result of new information, future events or otherwise,
or the above list of factors affecting this information.
This information is provided by RNS
The company news service from the London Stock Exchange