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Centerra Gold shareholders approve plan of arrangement with Kyrgyzstan

Centerra Gold Inc. announced that at the company’s special meeting of shareholders held on July 25, an overwhelming majority of Centerra shareholders voted in favor of the resolution approving the proposed plan of arrangement, which will give effect to certain aspects of the transactions contemplated by the previously announced global arrangement agreement entered into by, among others, Centerra, Kyrgyzaltyn JSC and the Government of the Kyrgyz Republic. Official website of the company says.

Voting results for the resolution are as follows: 96.83 percent of shareholders voted for and 3.17 percent voted against it.

As the company notes, the closing of the transaction is subject to, among other things, the Ontario Superior Court of Justice issuing a final order approving the plan of arrangement. The application for the final order is expected to be made on or about July 28, 2022, at 10 a.m. (Toronto time), or as soon thereafter as counsel may be heard.

On April 4, the head of the state Sadyr Japarov announced signing of an agreement between the Cabinet of Ministers and the Canadian company Centerra Gold, resolving disagreements on the management of Kumtor Gold Company CJSC. According to the document, the Cabinet received the right of full management and ownership of the mine.