OREANDA-NEWS. May 23, 2012. Further to its announcement of 20 April, Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, PGIL or the "Company"), the largest gold producer in Russia, announces the completion of the transaction to sell its 100% interest in Romaltyn Limited, an Isle of Man holding company of Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L, to a British Virgin Islands incorporated holding company affiliated with SAT & Company JSC (Kazakhstan) for a total consideration of USD 20 million.

Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L. hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tonnes of ore and tailings annually (currently not in operation) and a number of exploration properties.