N e w s

During extra "Severalmaz" shareholders' meeting there was a decision made to raise the share capital of the company six times as much. Thus, the administration of Archangel region agreed to diminish its share in favour of Russian diamond monopolist "ALROSA".

On Friday, October 25, 100% of shareholders voted for additional issue of 400 mln "Severalmaz" shares at face-value of 1 rouble (now the share capital of the company amounts about 77,9 mln of shares).

"Severalmaz", owing the rights for exploration of the largest diamond deposit in Europe, is an attractive company indeed. Lomonosov deposit's resources are estimated at more than $12 bln.