29 Apr 2011 17:16

Polymetal closes acquisition of Kutyn gold deposit

MOSCOW. April 29 (Interfax) - Polymetal has closed the acquisition of a 100% interest in a company holding the mining and exploration license for Kutyn gold deposit in the Khabarovsk region for a consideration of 3.5 million of the company's ordinary shares, Polymetal said.

Taking into account the assumption of approximately $2 million of debt, the enterprise value of the transaction, based on