PGIL Informs on Principal Agreement with AltynGroup
OREANDA-NEWS. October 17, 2011. Further to the announcements made on 11 April 2011 and on 12 September 2011, Polyus Gold International Limited (formerly KazakhGold Group Limited) (“PGIL”) announces that PGIL entered into a second deed of amendment (the RAPA Amendment”) to the Restated and Amended Principal Agreement dated 10 April 2011 for the sale of its operating subsidiaries and related matters (the “RAPA”), as amended by the deed of amendment dated 12 September 2011, with AltynGroup Kazakhstan LLP (“AltynGroup”), a limited liability partnership controlled by members of the Assaubayev family, under which the parties have agreed to further extend the date of the First Tranche Completion until 12 December 2011 and made a number of consequential changes to reflect a corresponding extension of other deadlines set forth in the RAPA and the irrevocable documentary stand-by letter of credit for USD 100,000,000 obtained by PGIL pursuant to the terms of the RAPA, reported the press-centre of Polyus Gold International.
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