OAO Severstal (LSE: SVST; RT CHMF) acquired, through its subsidiary Bluecone Limited, 335,961,241 common shares in Crew Gold Corporation (“Crew Gold”) at a price of NOK 0.90 (CDN$0.16) per share.
The securities acquired represent ownership and control of approximately 15.71% of Crew Gold’s issued and outstanding common shares. Following this transaction, Severstal will have ownership and control over 423,201,241 Crew Gold common shares, representing approximately 19.79% of the issued and outstanding Crew Gold common shares.
Crew Gold Corporation (http://www.crewdev.com) is a London based gold mining company. The company operates the LEFA mining project in Guinea, West Africa. In 2009, Crew Gold produced 179 030 oz tr.
If you found an error, you can report it to the site administrators by selecting the text with errors and pressing Shift+Enter
