Nasdaq approves delisting of Kopy Goldfields, final trading day on Oct 23

MOSCOW. Oct 10 (Interfax) - Sweden's Kopy Goldfields, whose production assets are represented by Amur Zoloto, has applied to delist from the Nasdaq First North Growth Market in Stockholm, and the company said that the exchange has approved the application.

Nasdaq has set the final trading day on October 23.

Kopy Goldfields earlier offered to buy out the shares of minority shareholders and reduce the charter capital. Shareholders owning 9.43% accepted the offer. Following the deal, the stake of Kopy Goldfields' main shareholders, HC Alliance Mining Group and Magomed Bazhaev, increased to approximately 93%. A friendly shareholder owns another 2.5%, meaning 95.5% is not in free float.

Kopy Goldfields completed a reverse takeover of Amur Gold in 2020, with Alliance Group's shareholders, namely Arsen Idrisov, Musa, Deni, and Magomed Bazhaev, gaining control of the merged company. The company is among Russia's top 30 goldminers.