14:12, 29 марта 2022, Bishkek - 24.kg news agency , Elena KHOKHLOVA
Centerra Gold Inc. issued a statement, in which it reported, citing the Kyrgyz media that the Cabinet of Ministers of the Kyrgyz Republic has approved a decision by the Kyrgyz Government to conclude an agreement with Centerra related to Centerra’s Kumtor mine.
As noted, negotiations with representatives of the Kyrgyz Government and Kyrgyzaltyn JSC continue with a view to finalizing a transaction that Centerra expects will include the principal terms outlined in the company’s press release dated January 3, 2022.
As previously disclosed, Centerra expects that the framework for any transaction will include exchanging Centerra’s interest in the Kumtor mine for, among other things, Kyrgyzaltyn JSC’s Centerra common shares, as well as full and final releases of all claims of the parties and termination of all legal proceedings involving the parties in all jurisdictions with no admissions of liability.
«Processes in respect of the foregoing and other matters required in connection with an acceptable transaction remain outstanding. Accordingly, there can be no assurance that any proposed transaction will be agreed to or consummated or as to the final economic and other terms and conditions of any such transaction, if agreed,» the statement says.